Long Island Attorney Vincent J. Trimarco, Jr. Pleads Guilty to Conspiracy to Commit Mail and Wire Fraud
Long Island attorney Vincent J. Trimarco, Jr. pleaded guilty to conspiracy to commit mail and wire fraud. Trimarco hatched a scheme to defraud the beneficiary of an estate from her inheritance from a wrongful death suit.
The disgraced lawyer pleaded guilty before United States District Judge Joan M. Azrack last week. Trimarco faces up to 20 years in prison. He also faces as forfeiture of his assets and paying restitution. In addition, he faces a fine of up to $250,000 or twice the gross gain or loss as a result of his crime. As a part of his plea agreement with the government, Trimarco has already agreed to pay more than $1 million in restitution.
Federal prosecutors allege from April 2012 through August 2017, Trimarco and a co-conspirator executed a scheme to defraud the co-conspirator’s grandchild. The minor grandchild had been a recipient of settlement from a wrongful death action.
Trimarco and the co-conspirator purchased a Ferrari F430 Spider for $200,000 and a Jaguar XKR convertible for $57,000. They also purchased a number of properties in Long Island for over $600,000. The two fraudsters also invested approximately $800,000 in the Emporium. The emporium is a nightclub and music venue in Patchogue, New York.
The Suffolk County Surrogate’s Court had ordered the pair 3 times in 2012 to restrain from spending the settlement proceeds. The court ultimately directed them to return of the settlement proceeds Trimarco and his co-conspirator sold the assets obtained with the settlement funds but failed to return the proceeds to the rightful heir.
The USAO’s Long Island Criminal Division handled the case for the government. Assistant United States Attorneys Catherine M. Mirabile and Michael J. Bushwack are in charge of the prosecution with the assistance of Assistant United States Attorney Madeline O’Connor of the Office’s Civil Division.