The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Court Convicts the Con Man Who Cried 'Fidelity' Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 17, 2011

Court Convicts the Con Man Who Cried 'Fidelity'

News summary by MFWire's editors

A man who used fake ties to Fidelity chief Ned Johnson was just convicted in federal court. The Providence Journal's Michael McKinney reports that yesterday, after a 17-hour, three-day jury deliberation, a U.S. District Court found Rocco DeSimone guilty "of money laundering and seven counts of mail fraud" and not guilty of two other mail fraud counts.

DeSimone allegedly duped investors out of more than $6 million in 2006 and 2007 by claiming that, thanks to a made-up connection with Johnson, he knew Fidelity was going to buy a new invention for millions. Yet, the prosecution maintained that DeSimone did not know Johnson nor did he have any insight into such Fidelity plans. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use