Procedure 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 feesThree 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 convictions of three people and three organizations, because of an investigation that is three-year fraudulent techniques within the scaffolding industry carried out by the Attorney General’s workplace, with the Port Authority of the latest York and nj-new jersey, this new York State Department of Taxation and Finance (DTF), plus the new york class Construction Authority. The joint research — dubbed “Operation Skyfall” — unveiled that the six co-defendants involved in a two-year scheme to defraud finance institutions away from vast amounts, after which laundered the profits through numerous companies.
“We are all dedicated to uncovering and prosecuting companies that have actually defrauded hawaii and various finance institutions away from millions, ” said ny Attorney General Letitia James. “These fraudsters must now need to pay straight right back taken funds and stop their unlawful operations. Allow this be considered a concept to every specific and company that people will never ever stop fighting against those that try to defraud New Yorkers. ”
In Suffolk County Court, Kenneth G. Martinez (51, of Lawrence), Shai Sellam a/k/a Sean Green (45, of Woodmere), and Hayim Jacob Barkol f/k/a Kadir Barkol (39, of Brooklyn), with their particular organizations, Metropolitan Enterprises, Inc., brand New Route asking Inc., and Lifting Up Management LLC had been convicted of felonies for participating in a three-million dollar loan fraud and cash laundering scheme between October 2013 and April 2015.