Besides standing convicted of bribery conspiracy, Rizzo also was sentenced for conspiring to dedicate wire fraud. Rizzo had embezzled over $900,000 from RES whilst Rizzo served given that the CEO of the company. At time, RES’s proprietors bundled a New York private fairness firm. The buyers within the personal fairness company bundled the Boy Scouts of The usa as well as Montana and Arizona state worker pension cash. Rizzo’s fraud conspiracy came about involving 2014 and 2016, and Rizzo made use of many different schemes to steal revenue from RES for his own enrichment.
The defense claimed Rizzo by no means meant to cease cooperating, contacting it an awesome misunderstanding soon after Rizzo's attorney died previous year. Rizzo rose and spoke to your judge in the extremely emotional admission of responsible.
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His friends and family collected Within the Port Huron courthouse to hear Rizzo and his attorneys plead their case for the quantity of jail time he need to provide for pleading guilty to bribery and wire fraud charges.
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