FL man pleads guilty in Springfield to massive fraud scheme - News, Weather, Sports, Toledo, OH

FL man pleads guilty in Springfield to massive fraud scheme

SPRINGFIELD, MA (WSHM) -

A former Florida man faced a Springfield judge Monday pleading guilty to a $7 million investment fraud scheme.

Massachusetts authorities say John Condo tricked investors into depositing money in amounts ranging from $300,000 to $1 million for fake projects.

All of the projects named including the off-shore accounts mentioned were all lies, according to authorities.

Some of the fraud victims were from Massachusetts.

Condo will be sentenced in June and could face 20 years in prison.

Copyright 2014 WSHM (Meredith Corporation). All rights reserved.

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