'Shark Tank' Wine Dealer Gets 2 Years For Fraud, Owes $1.8M

By Frank G. Runyeon (October 9, 2020, 6:23 PM EDT) -- A Long Island federal judge sentenced a wine dealer featured on the TV show "Shark Tank" to two years in prison on Friday, ordering him to pay back $1.8 million to seven investors he fleeced and chastising him for telling probation officers his wife handles his finances.

U.S. District Judge Sandra J. Feuerstein kept within federal guidelines as she ordered alcohol vendor Joseph Falcone to serve two years in prison and two more years of supervised release for a single count of wire fraud after he pled guilty to pocketing more than a half million dollars from investors, but the judge...

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