A Wethersfield man pleaded guilty in Hartford federal court Wednesday to one count of wire fraud stemming from an investment scheme that defrauded a dozen individuals and couples of nearly $900,000 over an eight-year period.
As part of the scheme, 53-year-old Anthony G. Sciarra falsely promoted himself as a bona fide insurance agent and financial adviser, authorities said. Sciarra, according to the Office of the U.S. Attorney for Connecticut, solicited investments from various victims with promises of high annual returns ranging from 4 to 12 percent or more. He did so through AGS Financial and later through an entity he owned called Westport Enterprises.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
