David B. Fein, United States Attorney for the District of Connecticut, today announced that Richard Pinto, 68, of Wellington, Florida, and Peter Pinto, 37, of East Quogue, New York, each pleaded guilty late Friday, May 11 before United States District Judge Stefan Underhill in Bridgeport to one count of conspiracy to commit wire fraud, bank fraud, and money laundering and one count of wire fraud stemming from a $10 million fraud scheme they executed while executives at Oxford Collection Agency.
“These defendants carried out a significant fraud scheme through which they stole millions of dollars from their company’s clients, lenders, and investors...