Process Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme

Process Skyfall: AG James Announces Convictions In $3 Million Dollar Loan Fraud And Cash Laundering Scheme

Kenneth Martinez and Metropolitan EnterprisesConvicted for Stealing Over $455,000 in fees

<>Three Defendants and Three businesses Plead Guilty to Felony Chargesand Must Pay a complete of $1.5 Million in Restitution and Judgments

Kenneth Martinez, Owner of Metropolitan Enterprises, Sentenced to Three to Nine Years in jail

NEW YORK – Attorney General Letitia James today announced the felony beliefs of three people and three organizations, because of an investigation that is three-year fraudulent techniques when you look at the scaffolding industry conducted by the Attorney General’s workplace, with the Port Authority of the latest York and nj-new jersey, this new York state dept. Of Taxation and Finance (DTF), in addition to new york class Construction Authority. The investigation that is joint dubbed “Operation Skyfall” — unveiled that the six co-defendants involved in a two-year scheme to defraud finance institutions away from huge amount of money, after which laundered the profits through numerous organizations.

“We are all dedicated to uncovering and businesses that are prosecuting have actually defrauded their state and various finance institutions away from millions, ” said ny Attorney General Letitia James. “These fraudsters must now need to pay straight straight right back taken funds and stop their operations that are illegal. Allow this be considered a class to each and every specific and company that people shall never stop fighting against those that try to defraud New Yorkers. (more…)