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Wire Fraud Could Get Business Owner 20 Years

Gregory Ciccone allegedly defrauded more than $760,000 from charities.

The owner of GAC Consulting LLC, a Wayne business, plead guilty Thursday to wire fraud and filing a false tax return as part of a scheme that defrauded 17 charities out of more than $760,000, NorthJersey.com reported.

From January 2007 through April 2010, Gregory Ciccone induced charities and non-profits to enter into contracts with GAC, according to a statement issued by the U.S. Attorney’s Office in 2010. GAC billed itself as a provider of high-value auction items for fundraising events, including a walk-on role on the show “Desperate Housewives” and tickets to the Tony Awards.

Ciccone, a Woodland Park resident, rarely, if ever, provided the promised items to the winning bidders and refused to provide refunds, the statement said.

Ciccone is scheduled to be sentenced May 14. He faces up to 23 years in prison and $350,000 in fines, NorthJersey.com reported.

— Have a question or news tip? Contact editor Daniel Hubbard at Daniel.Hubbard@patch.com or find us on Facebook and Twitter. For news straight to your inbox, sign up for our daily newsletter.

unknownauthor February 01, 2013 at 12:12 PM
Another fraud everyone should be aware of is the Amway Tool Scam. Google "Stop The Amway Tool Scam Wordpress" for more information, and forward this information to every non-Distributor/IBO you know, so they don't get ripped off.

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