Anthony Sciarra is Facing Fraud Charges after Allegedly Making False Representations to Defraud up to 12 Victims out of $874,000
Anthony Sciarra, from 2007 through July of 2017, purportedly ran AGS Financial through an entity he referred to as “Westport Enterprises”, according to a Criminal Complaint from the U.S. District Court of Connecticut currently under review by attorney Alan Rosca.
Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to Anthony Sciarra’s alleged investment fraud. Investors who believe they may have lost money in activity related to Anthony Sciarra’s alleged investment fraud are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Sciarra, 53, and of Wethersfield, Connecticut, allegedly used Westport to make solicitations of investments from various investors by promising large returns of 4 to 12 percent or more, according to the aforementioned Criminal Complaint. In sum, Sciarra allegedly defrauded at least 12 victim-investors of approximately $874,000 throughout the course of the schem, Daly said.
Sciarra allegedly made false representations wherein he led investors to believe that he would invest their funds in a bond fund and/or a cigarette distribution business, the Complaint states. Sciarra, instead, allegedly instead used investor cash and diverted funds for his personal use, including restaurant expenses.
Anthony Sciarra Alleged $800,000 Investment Scheme Attracted Clients by Purportedly Representing Sciarra as a Legitimate Insurance Agent & Financial Adviser
Anthony Sciarra, allegedly devised a scheme to “defraud and to obtain money and property by means of materially false and fraudulent pretenses” through purported misrepresentations and promises, according to the aforementioned Complaint under review by attorney Alan Rosca. For example, Sciarra’s $800,000 investment scheme purportedly represented Sciarra as a bona fide insurance agent and financial adviser, the Complaint notes.
Said scheme was also allegedly executed with the purpose, and cause to be transmitted, by means of wire communications in interstate and foreign commerce, and certain writings, signs, signals and sounds, including among other wire communications, wire transfers and email communications, the Complaint reports.
Sciarra allegedly faces a maximum term of imprisonment of 20 years, and is pending sentencing, according to Court reports from Connecticut.
Securities Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Anthony Sciarra’s alleged investment fraud. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of Anthony Sciarra’s alleged investment fraud may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.