New Canaan Resident Used Investor Funds To Pay Taxes, Credit Card Expenses, Gets Prison Time
A current Fairfield County resident formerly from New Haven County will spend years in prison for tax evasion and defrauding investors by using their funds to pay his personal expenses.
New Canaan resident Brian Hughes, age 58, formerly of Madison, was sentenced to two and a half years in prison on Monday, March 6 for defrauding investors of two companies, and for tax evasion, the US Attorney's Office for the District of Connecticut announced.
The charges stem back to March of 2015 when Hughes founded Handcrafted Brands, LLC (HBC), in order to raise money to purchase the alcoholi…
White Plains Man, Partner Sentenced For Roles In $1M Ponzi Scheme
A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme.
White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation.
On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced.
As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …
