Apart from standing convicted of bribery conspiracy, Rizzo also was sentenced for conspiring to dedicate wire fraud. Rizzo had embezzled in excess of $900,000 from RES whilst Rizzo served as being the CEO of the company. At time, RES’s entrepreneurs incorporated a The big apple non-public fairness company. The investors from the non-public fairness agency bundled the Boy Scouts of The usa as well as Montana and Arizona state worker pension funds. Rizzo’s fraud conspiracy befell concerning 2014 and 2016, and Rizzo employed various schemes to steal cash from RES for his very own enrichment.
"Criminal steps, which include Those people dedicated by Charles B. Rizzo, have resulted in prevalent harm into the trusting associations amongst community customers and their chosen leaders”, reported Timothy R.
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