Tuesday, January 3, 2012

LIC business owner convicted of bank fraud

From the Daily News:

A Democratic fundraiser was found guilty Friday of engineering a $21 million bank fraud scheme.

Courtney Dupree was convicted of vastly overstating the billings of his Long Island City-based lighting company GDC Acquisitions in order to fraudulently obtain a loan from Amalgamated Bank.

Dupree, 42, sat stone-faced as the verdict was read in Brooklyn Federal Court. He faces up to 30 years in prison and has to pay back at least $18 million.

Meanwhile, the jury that convicted Dupree also acquitted his company lawyer, Thomas Foley, 45.

Dupree was done in by a mountain of paperwork, which prosecutors said proved he was a crook, and by testimony from cooperating witnesses who were involved in the scheme.


Anonymous said...

here we go again. is not d------t d----------p grand ?

this has become a habit so i will let" IRRELEVANT LEFTY" fill in the blanks.

Anonymous said...

Could this
be connected to the John Liu case?

If so, the Democratic dictatorship of Queens is taking a successive series of hits lately.

ALL OF THEIR contributors, fundraisers and bundlers need serious scoping.

The giant ice berg (below the waterline) seems to be emerging as the sea level drops during our economic downturn.

No doubt that we'll be seeing more new crooks revealed as the world turns...thanks to our determined law enforcement bulldogs doing some fine work.

Anonymous said...

Time to check out the Stavisky run "North Flushing Senior Center" for improprieties!

Where does some of their $500,000 +
a year discretionary funding wind up...in the campaign coffers of local Democratic Party candidates?

the seniors PAY for the lunches the Center "provides" for them!

Anonymous said...

Is CB 7's land use chair Chuck Apelian's printing business also located in LIC?