THE 5-SECOND TRICK FOR CHUCK RIZZO

The 5-Second Trick For chuck rizzo

The 5-Second Trick For chuck rizzo

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  Rizzo made use of a bogus legal settlement settlement, fraudulent consulting discounts, cash kickbacks, shell organizations, and strategies to defraud another house owners of RES, who owned in excess of eighty% of the business, whilst Rizzo owned a little minority share.  As a single A part of the embezzlement scheme, Rizzo acquired weekly envelopes that contains Countless bucks in hard cash kickbacks from an organization that submitted fraudulently inflated invoices to RES.  Via this one particular plan by itself, Rizzo stole about $five hundred,000 in dollars.      

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Besides standing convicted of bribery conspiracy, Rizzo also was sentenced for conspiring to commit wire fraud.  Rizzo had embezzled around $900,000 from RES though Rizzo served as being the CEO of the corporate.  At the time, RES’s owners bundled a Big apple non-public fairness agency.  The traders in the personal equity get more info organization integrated the Boy Scouts of The usa along with the Montana and Arizona condition staff pension resources.  Rizzo’s fraud conspiracy came about among 2014 and 2016, and Rizzo made click here use of various schemes to steal dollars from RES for his possess enrichment.

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