NY-AG v. Franklin S. Marone

Franklin S. Marone willfully failed to pay restitution to victims of his $5.4 million fraud scheme, in violation of the terms of his prior sentence. Marone also pleaded guilty to perjury and false filing charges for submitting fraudulent financial disclosures concealing his assets from the court in order to avoid paying restitution to the victims. According to NY-AG, between January 2014 and September 2017, Marone allegedly stole over $270,000 from multiple victims. Moreover, between May and June 2016, Marone allegedly impersonated his mother in a series of recorded phone calls with a financial institution, in an attempt to steal over $50,000 from her account. Marone allegedly targeted and stole over $45,000 from an ex-girlfriend and a family friend. Marone allegedly used the stolen money to purchase Jeep Wrangler upgrades, cruises, and thousands of dollars in premium gym memberships for himself, his current girlfriend, and their respective families.

Summary generated from official New York Attorney General press release