FROM A
DIFFERENT ANGLE by Kenneth Rijock
Financial Crime Consultant, for World-Check
97-year old bank fraudster and racketeer sentenced
26 May 2007

For those readers who have been following the case of the oldest man to have ever been charged with a Federal felony in the United States, he has been sentenced. You may recall that he finally entered into a plea agreement back in February. Albert Facchiano, also known as the "Old Man," amongst other less flattering aliases, received a sentence yesterday in US District Court in Fort Lauderdale, Florida of six months' house arrest (home confinement), and 18 months' probation, on a racketeering indictment alleging bank fraud, witness tampering and extortion. He could have received as much as 30 years' imprisonment, but his age and poor health were reasons that the US Attorney's office recommended a sentence of house arrest. The case involved several defendants reportedly involved in organised crime activities in Florida and New York, and included money laundering allegations.

Readers who wish to read the earlier World-Check article can find it in our archives:
96 year-old man pleads Guilty in Organised Crime case involving Money Laundering, World-Check, 1 March, 2007.

Research Note: US vs. Facchiano, Case No.: 06-cr-60184 ( S.D.Fla-Ft. Lauderdale Div.)

The facts and opinions stated in this article are those of the author and not those of World-Check. World-Check does not warrant the accuracy of any facts and opinions stated in this article, does not endorse them, and accepts no responsibility for them.

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