USA v. Giacobbe et al

  1. November 04, 2022

    Broker Pleads Guilty in $500M Real Estate Fraud Suit

    A broker involved in a $500 million real estate scheme for an apartment complex entered a plea agreement Friday with the U.S. Attorney's Office for the Western District of New York to pay $100,000 for his role in the scheme.

  2. October 04, 2022

    Cooperator In Failed $500M Fraud Case Asks For No Prison

    A defendant who cooperated with the government during the failed fraud prosecution of his family's real estate business is asking a New York federal court to receive no jail time, probation or restitution because of the lenient sentences given to his co-defendants and his assistance in the investigation.

  3. August 29, 2022

    Cooperator In Failed $500M Fraud Case Enters Reduced Plea

    A cooperating witness to a supposed $500 million real estate fraud walked back on his felony plea in Western New York federal court Monday, admitting to lesser charges to match his co-defendants' no-jail pleas in the case mired by allegations of prosecutorial misconduct.

  4. August 19, 2022

    Cooperator In Failed $500M Fraud Case Asks To Nix Plea

    A defendant in a sweeping real estate fraud case that fell apart due to alleged prosecutorial misconduct has filed to withdraw his guilty plea in the interest of fairness, saying other defendants were allowed to avoid jail time and cop only to very minor charges after the case imploded.

  5. July 22, 2022

    NY Landlord Ducks Jail After $500M Fraud Case Implodes

    A Rochester real estate mogul received a no-prison sentence Friday as Western New York's top federal judge bemoaned the collapse of the once-sweeping $500 million fraud case amid accusations of prosecutorial misconduct.

  6. April 12, 2022

    NY Feds Drop $500M Fraud Case, Avoiding Misconduct Probe

    A sweeping $500 million real estate fraud case ended with a series of minor plea deals involving just a few thousand dollars Tuesday, as New York federal prosecutors tossed their 114-count indictment rather than submit to a potentially embarrassing evidentiary hearing into their own alleged misconduct.

  7. April 05, 2022

    Pleas Delay Probe Of Gov't Missteps In $500M Fraud Case

    Western New York federal prosecutors cut lenient plea deals with a trio of real estate fraud defendants just minutes before an evidentiary hearing Monday morning would have put the government in the hot seat to answer for discovery failures in the $500 million case.

  8. March 31, 2022

    A $500M Fraud Case Imploded. Now A Judge Wants Answers

    A rare evidentiary hearing will put New York federal prosecutors on the hot seat as a Rochester judge probes how the government's admitted discovery missteps unraveled a sprawling $500 million fraud case against a prominent developer.

  9. January 25, 2022

    NY Prosecutors Face Rare Probe Of 'Missteps' In $500M Case

    The Western New York federal prosecutor's office will spend the better part of a week under the microscope this spring, after a judge took the rare step Tuesday of ordering an evidentiary hearing into whether the government intentionally misled the court about errors that doomed a $500 million real estate fraud case.

  10. January 24, 2022

    Feds Fight 'Overbroad' Probe Into Botched $500M Fraud Case

    A New York landlord who dodged charges in a $500 million fraud scheme cannot be allowed to flip the script on prosecutors with an "overbroad and far-reaching" probe into discovery missteps that doomed the initial case, the government told a New York judge Friday.