Police are investigating an early-morning shooting outside a …
Rocco DeSimone
Police are investigating two separate overnight stabbings that …
A former city of Providence employee pleaded no contest to a …
A Rhode Island war hero was finally memorialized Friday, nearly…
Advertisement
Art dealer's conviction upheld
Rocco DeSimone serving 16 years for fraud
Updated: Monday, 12 Nov 2012, 7:39 AM EST
Published : Friday, 09 Nov 2012, 10:52 PM EST
PROVIDENCE, R.I. (WPRI) -- A federal appeals court has upheld the conviction of a former Johnston art dealer for fraud and money laundering.
According to federal prosecutors, the court also upheld Rocco DeSimone's 16-year prison sentence, and the more than $6 million he's been ordered to pay in restitution.
DeSimone was found guilty last year of conning investors out of millions. Prosecutors say he convinced his victims they were investing in inventions that had been purchased by major corporations.
DeSimone was convicted of tax fraud in 2005. He briefly escaped from prison in 2008.
Copyright WPRI
Ground rules for posting comments: No profanity or personal attacks. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Keep it civil, folks!
Our commenting section is powered by IntenseDebate. If you registered for an account but didn't receive a verification e-mail, check your spam folder or click here for more information. For additional technical help, click here.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement