Luxury web scam nets man nearly $600K to live lavish lifestyle
August 16, 2011
Total Loss:
$590,000
A Manhattan man who wanted to be an online sales superstar was charged yesterday with stealing $590,000 from three investors of his proposed fashion website.
Andrew Albert, 49, was hauled into Manhattan Supreme Court in a pin-stripped suit and handcuffs. He pleaded not guilty to charges of fraud, grand larceny and third-degree criminal tax fraud. He faces up to 15 years in prison for the 2-year swindle.
Source:
NY Daily News