Manhattan U.S. Attorney and FBI Assistant Director in Charge Announce Arrest of Philadelphia Man in Connection with $4 Million U.S. Treasury Strips Investment Fraud Scheme
Earlier today in U.S. District Court in Brooklyn, Thomas Kontogiannis, a New York real
estate developer who led a mortgage fraud conspiracy resulting in more than $98 million in losses, was sentenced to 108 months of
imprisonment for conspiracy to commit bank fraud. United States District Judge Kiyo A. Matsumoto
imposed the
sentence pursuant to Kontogiannis’s October 2010
guilty plea. Seven co-defendants previously pleaded guilty.
The
sentence were announced by Loretta E. Lynch, United States ....
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