Long Island con man sentenced to 15 years
Photo credit: Handout | A mugshot of Joseph Romano, who was convicted on bilking $40 million from about 1,500 people, most of them elderly, across the country.
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A confidence man who operated three businesses on Long Island that used high-pressure tactics to sell coins at vastly overinflated prices -- preying mainly on elderly victims -- was sentenced to 15 years in prison Thursday by a federal judge who blasted his activities.
The scheme of Joseph Romano, 49, was "a massive fraud that was motivated by pure greed . . . based on a callous and evil exploitation...
