2012-01-26 / Local News
Lancaster financial advisor sentenced for fraud
Richard Pascucci, 31, of Lancaster, who was convicted of wire fraud, was sentenced to 30 months in prison by U.S. District Judge Richard J. Arcara. He was also ordered to pay $261,000 in restitution to two victims.
According to Assistant U.S. Attorney Paul J. Campana, who handled the case, in 2009, while working as a self-employed financial advisor, Pasucci stole $206,000 from an elderly woman. He then stole $55,000 from a second victim in 2010. Pascucci had given investment advice to both victims before stealing their money and using it for his own living expenses. Judge Arcara ordered Pascucci to make full to the estate of his first victim, who died last spring, as well as the second victim.




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