Re: John Nicolo, MAI? Anyone with information please let us kno

Posted by Cochise on May 22, 2008 at 09:23:38:

In Reply to: John Nicolo, MAI? Anyone with information please let us kno posted by Cochise on May 13, 2008 at 09:37:48:

Three convicted in upstate NY appraisal kickback scheme


Associated Press - May 21, 2008 3:34 PM ET

ROCHESTER, N.Y. (AP) - A former Eastman Kodak tax executive who now lives in Mesa and a real-estate appraiser have been convicted of all charges in a multimillion-dollar kickback conspiracy.

A federal court jury in Rochester, New York, found David Finnman and appraiser John Nicolo guilty of mail and wire fraud, conspiracy to defraud and money laundering.

Prosecutors allege the two were involved in a scheme to illegally lower the photography company's property assessments in suburban Rochester.

Prosecutors maintain the conspiracy generated $14 million.

Finnman could get up to 14 years in prison.

Nicolo was also found guilty along with his wife of filing false tax returns and could be sentenced to life in prison.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

• Appraiser

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• Re: John Nicolo, MAI? Anyone with information please let us kno - columbo 17:43:23 08/06/08 (0)

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