A Hartford, Connecticut man, Joseph Castellano, was sentenced to almost six years in prison. Castellano admitted to cheating investors out of almost $1.4 million. He was an accountant and tax preparer who also offered investment opportunities. In September, he pleaded guilty to mail fraud and money laundering. He also violated terms of a supervised release by having contact with his former victims. Catellano befriended the investors and told them that he represented clients who were in need to fund businesses or real estate projects. He allegedly promised investors returns of six to eight percent, when, in reality, there were no actual investments or investment opportunities. Many of the investors were elderly and described Castellano as a trustworthy friend and businessman. If you invested with Joseph Castellano, please call our securities law firm today to speak with an attorney. The call is free with no obligation. 312-332-4200.
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