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New Money Laundering Charges Filed Against Dunmore Man

New Money Laundering Charges Filed Against Dunmore Man - Monday, December 1, 2008 at 6:42PM EST

SCRANTON, LACKAWANNA COUNTY - New charges have been filed against a Lackawanna County man, who's already accused of stealing hundreds-of-thousands of dollars. Charles Costanzo of Dunmore was arraigned on the charges Monday morning in federal court in Scranton.
Costanzo faces an additional 12 charges, including conspiracy to commit money laundering, tax evasion and wire fraud. The 47-year-old was only in court for about ten minutes, but during that time, he pleaded not guilty.

Coastanzo is the former Lackawanna County workers compensation fund administrator. Before Monday, he was already accused of stealing more than $400,000 from the county, but now, because of an expanded investigation, he's been slapped with the new charges.

Inside the courthouse, prosecutors built a case that the amount of money Costanzo stole is now upwards of $650,000 from the county. Prosecutors say through his firm, Executive Claims Administration, Costanzo came up with fake or bogus workers compensation claims and most of that money later ended up in his own personal bank accounts. Costanzo then allegedly used the money for personal expenses and even a Cadillac Escalade.

The 47-year-old was originally charged with 19 criminal counts but the case expanded after one of his co-defendents gave up information. That's why there are 12 new charges.

Costanzo is no stranger to court cases. He was acquitted in June on seperate charges of exorting money by a federal jury.

If convicted, Costanzo could face up to 191 years in prison and fines of more than $5 million dollars.
 


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