Saturday, March 3, 2012

RI art dealer gets 16 years in invention scam

PROVIDENCE, R.I. (AP) — A former Rhode Island art dealer convicted of defrauding a wide range of investors — from a wealthy collector of Japanese swords to a school janitor — was sentenced to 16 years in prison Thursday for his elaborate multimillion-dollar scheme.

Judge William E. Smith imposed the sentence on Rocco DeSimone, 58, of Johnston, in U.S. District Court in Providence.

Prosecutors said DeSimone deserved a stiff sentence because he is a "career con man" and criminal who bilked his victims of more than $6 million, saddling them with "broken dreams, empty bank accounts, and untold distress."

"Justice was served today. Rocco DeSimone is a remorseless, recidivist …

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