- Associated Press - Friday, March 18, 2016

NEW YORK (AP) - Federal prosecutors in New York say a former banana importer has been convicted of embezzling about $750,000 from his workers’ retirement accounts.

Thomas Hoey was convicted Friday in U.S. District Court in Manhattan. The 48-year-old Long Island man was already serving a federal prison sentence in an unrelated drug case.

Prosecutors alleged Hoey siphoned money from the profit-sharing accounts of his workers at the Long Island Banana Co. to fund a lavish lifestyle. They say he spent the cash on drugs, meals, vacations and trips to gentlemen’s clubs.

His attorney told Newsday (https://nwsdy.li/1PhyZ0R ) he was disappointed with the verdict and vowed to appeal. He faces up to 45 years in prison.

Hoey was convicted in April 2015 of distributing cocaine at a sex party where a woman fatally overdosed.

___

Information from: Newsday, https://www.newsday.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide