James Faro and CFO from Sea Star Seafood Plead Guilty to Bank Fraud over False Receivables
SEAFOODNEWS.COM [Telegram & Gazette] By Steven H. Foskett Jr.- March 13, 2018
WORCESTER - A Marlboro business owner and chief financial officer pleaded guilty Monday in federal court in connection with a scheme to commit bank fraud.
James R. Faro, 61, of Dover and John J. Crowley, 62, of Boca Raton, Florida, each pleaded guilty to conspiring to commit bank fraud, charges that were lodged in January. U.S. District Court Judge Timothy S. Hillman scheduled Mr. Faro’s sentencing for June 8 and Mr. Crowley’s for June 13.
According to the office of U.S. Attorney Andrew E. Lelling, Mr. Faro is the former owner and president of Sea Star Seafood Corp., a company previously headquartered in Marlboro...
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