Friday, July 11, 2014





Feds seek convicted Conn. financier's tax refund


June 29. 2013 9:36AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Federal prosecutors want a Venezuelan-American financier to hand over a large tax refund while he awaits sentencing in a massive Connecticut-based fraud scheme.


Prosecutors say Francisco Illarramendi (ee-yah-rah-MEHN'-dee) misused an earlier refund and faces paying restitution that could be hundreds of millions of dollars.


Prosecutors say they believe the refund check to Illarramendi and his wife exceeds $2 million and want it deposited with the court pending his Stepember sentencing.


Illarramendi pleaded guilty in 2011 to several counts of fraud and conspiracy to obstruct justice in a scheme to conceal huge losses. His biggest client was a pension fund for state oil workers in Venezuela.


Illarramendi's attorney didn't object. But a lawyer for Illarramendi's wife believes the check must be deposited with a judge overseeing the case and says she wants a portion to pay her living expenses.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds