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Topic - Rocco Desimone
A former Rhode Island art dealer convicted of defrauding a wide range of investors _ from a wealthy collector of Japanese swords to a school janitor _ was sentenced to 16 years in prison Thursday for his elaborate multimillion-dollar scheme.
A former Rhode Island art dealer was convicted Wednesday of defrauding a wide variety of investors _ from a wealthy Japanese sword collector to a school janitor _ in an elaborate multimillion-dollar con.
A federal prosecutor said during his closing argument Monday that a former Rhode Island art dealer charged in a $6 million fraud case is a ruthless con man, but a defense attorney countered that his client is the victim of his accountant, a greedy business partner and investors who want their money back.
As his trial drew to a close, a former Rhode Island art dealer said Friday that witnesses lied to the jury in claiming he duped them in what prosecutors call a $6 million con.
He said one investor, David Lindsay, who gathered $125,000 in investments from family members and friends _ including a school janitor _ solicited money of his own accord.
DeSimone says he never made false promises and that much of what prosecution witnesses have said about him are fabrications.