Joseph A. Troiano, 63, Fort Myers, Florida, was sentenced by United States District Judge John E. Steele to six years in Federal Prison for mail and wire fraud. The court also ordered Troiano to pay restitution to his victims in the amount of $2,467,793.17.
On November 10, 2011, Joseph Troiano pleaded guilty in federal court to six counts of wire fraud and one count of mail fraud.
According to court documents, Troiano was a licensed lawyer in Florida. From in or about late 2005, through in or about January of 2010, as part of a scheme to defraud and to obtain money, Troiano used funds belonging to his clients, their beneficiaries and others, for his own purposes. His misuse of clients’ funds included paying money to others who had entrusted or provided money to him as a loan, as well as investing money in various real estate projects. Troiano used these funds without his clients’ authority, permission, or consent.
In all, Troiano misappropriated at least $2.4 million for his own use.
This case was investigated by the United States Secret Service. It was prosecuted by Assistant United States Attorneys Robert P. Barclift and Yolande G. Viacava.
United States Attorney Robert E. O’Neill announced the sentence.