$10 Million Returned to Victims of Public Corruption Scheme
The U.S. Attorney in Rochester, New York, announced today that more than $10 million in forfeited property has been returned to the victims of one of the largest public corruption cases ever prosecuted in the Western District of New York.
Those receiving restitution include the Eastman Kodak Company, the Town of Greece, IBM, ITT Industries, Inc., RG&E, and Global Crossing. The companies and town were all victims of real property tax appraisal and assessment schemes spearheaded by John Nicolo, a property appraiser.
In 2005, Nicolo and othe perpetrators schemed victims out of millions of dollars by artificially inflating tax assessments on properties they owned, and then causing John Nicolo to be hired by the companies in an effort to reduce the resulting tax assessments.
Source Article from http://www.fbi.gov/news/news_blog/10-million-returned-to-victims-of-public-corruption-scheme
