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