Posted on 01/13/2023 12:45:30 PM PST by mikelets456
He’s going from one big house to another.
A failed lawyer and movie executive from Florida has been sentenced to 8½ years in prison for stealing $7.2 million in COVID-19 relief funds, which he used to buy luxury cars and a 12,500-square-foot mansion on a 12-acre estate.
Don Cisternino, 47, of Chuluota, Fla., pleaded guilty in September in federal court in Orlando to wire-fraud and identity-theft charges for the scam in which he submitted applications for pandemic aid programs. Cisternino claimed he had a film and theater production and marketing business that had 441 employees, when in reality it had none.
Using stolen Social Security numbers, prosecutors say Cisternino made phony claims that his company, MagnifiCo Inc., had a monthly payroll of over $2.8 million. The U.S. government approved him in 2020 for an emergency loan of $7.2 million, prosecutors said.
Cisternino then used the pandemic aid to purchase the $3.5 million home. He lived in the seven-bedroom mansion, complete with a full movie theater, five-stable horse barn, tennis court, swimming pool and an English-style pub, with his girlfriend.
(Excerpt) Read more at marketwatch.com ...
I expect the pool gets a few floaters also. That is why
many public tennis courts have 10-12 ft high fencing imo.
“U.S. government approved him in 2020 for an emergency loan of $7.2 million”
It’s no wonder we’re $37trillion in debt.
Government has no business in this business.
Cut the funding to every agency by 75% today, then start shutting down 75% of them completely.
When is the auction?
More than $200 billion in pandemic relief potentially squandered, says government watchdog report
The sum amounts to approximately 17% of the $1.2 trillion dispersed by SBA.
(10% for the Big Guy...)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.