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Sunday, October 6, 2024 |
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| Rhode Island Art Dealer Accused of $6 Million Con Testifies |
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Rocco DeSimone, a Rhode Island native and former art dealer convicted of tax evasion after selling a painting by impressionist Claude Monet. A fraud trial for DeSimone, who broke out of a federal prison in New Jersey in 2008 while serving a tax evasion sentence, began Wednesday, March 2, 2011, in Providence, R.I. AP Photo//U.S. Marshals.
By: Ian MacDougall, Associated Press
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PROVIDENCE, RI (AP).- A former art dealer who prosecutors say defrauded investors of $6 million has taken the witness stand in his trial, saying his accountant directed his business dealings.
Federal prosecutors rested their case in the trial of Rocco DeSimone, who defense attorneys put on the stand Thursday.
DeSimone is accused of inducing friends and others to invest in inventions he falsely said major international corporations had offered to buy for millions of dollars. He has pleaded not guilty to mail fraud and other charges.
DeSimone has placed blame on his accountant, Ronald Rodrigues, who he says handled the financial side of trying to sell the inventions.
Thomas F. Connors, a lawyer for DeSimone, says DeSimone was misled by Rodrigues and that he believed in the inventions he was trying to sell.
Copyright 2011 The Associated Press.
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