Syracuse Man Pleads Guilty for Wire Fraud and Filing False Returns

Syracuse Man Pleads Guilty to Wire Fraud and Filing False Tax Returns
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By Daniel Webster, dWeb.News

SYRACUSE (NEW YORK) – Glen Zinszer, 51, of Liverpool in New York, pleaded guilty to wire fraud and willfully submitting false tax returns. Acting United States Attorney AntoinetteT. Bacon, Thomas Fattorusso and Jodi Cohen, Acting special agents in charge of the Albany Field Office of Federal Bureau of Investigation (FBI), announced that Zinszer admitted to operating Brazzlebox in 2012. Zinszer claimed to investors that it was like a Facebook for businesses. Zinszer made false representations about Brazzlebox to investors from April 2013 to the summer 2016. Zinszer pleaded guilty to inflating Brazzlebox’s user number and telling employees to create fictitious accounts to inflate them. He also misrepresented revenue-generating strategic partnerships and forged documents to support these falsehoods. Zinszer also forged a letter of intent for Brazzlebox to be purchased for millions of dollars.
Zinszer used a large portion of the money he invested in Brazzlebox to fund his lifestyle, rather than to run the business. He paid mortgages on his homes, bought concert tickets and purchased jewelry. Zinszer used Brazzlebox money to finance his lifestyle. However, he deliberately filed false tax returns in order to underreport his income for tax years 2013-2016.
Sentencencing is set for November 29, 2021 in Syracuse before Senior United States Court Judge Frederick J. Scullin Jr. Zinszer faces a maximum sentence of 20 years imprisonment for his wire fraud conviction and 3 years for the conviction for willfully filing false tax returns. He also faces a maximum fine up to $250,000 and a term post-imprisonment supervision release of up 3 years. A judge will impose a defendant’s sentence based on the U.S. statute that the defendant is charged with violating. Guidelines for Sentenncing and Other Factors
This case was investigated and prosecuted by Geoffrey J.L. and Michael D. Gadarian, Assistant United States Attorneys. Brown.

More dWeb.News Crime and Punishment at https://dweb.news/category/crime-and-punishment/

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