Self Proclaimed Financial Concierge Pleads Guilty To Scamming Seniors

Self Proclaimed Financial Concierge Pleads Guilty To Scamming Seniors In Bug Spray Scam

Self Proclaimed Financial Concierge
Self proclaimed financial concierge John Cucinella pleaded guilty last week to fleecing senior citizens. Cucinella is the former investment manager of Mackrow Asset Management Group. Mackrow was a purported asset management firm located in Brooklyn. The company solicited senior citizens to invest in pre-IPO shares of private companies. However, the money went directly into Cucinella’s pockets.
The self proclaimed financial concierge pleaded guilty to securities fraud. Cucinella also agreed to forfeit $948,530 that he misappropriated from investors as part of the plea deal.
United States Attorney for the Eastern District of New York Richard P. Donoghue and FBI Assistant Director William F. Sweeney announced the guilty plea.

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