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Former Philly Market CEO sentenced to 10 years, $8MM restitution for fraud – Produce Blue Book

Former Philly Market CEO sentenced to 10 years, $8MM restitution for fraud – Produce Blue Book
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Former president of Philadelphia wholesale produce market sentenced to over 10 years in prison for stealing $7 8 million from the company

November 22, 2021 United States Attorney Jennifer Arbittier Williams announced that Caesar DiCrecchio of Voorhees, NJ, was sentenced to ten years and one month in prison, three years of supervised release and ordered to pay more than $8 million in restitution by United States District Court Judge Cynthia M. Rufe for defrauding the Philadelphia Wholesale Produce Market of over $7.8 million.

Former Philadelphia Wholesale Produce Market president charged with stealing $7 8 Million from his employer – Produce Blue Book

PHILADELPHIA – Acting United States Attorney Jennifer Arbittier Williams announced that Caesar DiCrecchio, 60, of Voorhees, NJ, was charged by Information with two counts of wire fraud, one count of conspiracy to commit wire fraud, one count of money laundering conspiracy, one count of aggravated identity theft, and four counts of tax evasion, all of which allegedly caused more than $7.8 million in losses to the Philadelphia Wholesale Produce Market BB #:296053 in South Philadelphia. Separately, Thomas Del Borrello, 42 of Sewell, NJ, was also charged by Information with eight counts of aggravated false filing of a currency transaction report and one count of aggravated failure to file a currency transaction report.

Former president of Philadelphia Wholesale Produce Market charged with stealing $7 8 million from his employer

PHILADELPHIA Acting United States Attorney Jennifer Arbittier Williams announced that Caesar DiCrecchio of Voorhees, NJ, was charged by Information with two counts of wire fraud, one count of conspiracy to commit wire fraud, one count of money laundering conspiracy, one count of aggravated identity theft, and four counts of tax evasion, all of which allegedly caused more than $7.8 million in losses to the Philadelphia Wholesale Produce Market in South Philadelphia. Separately, Thomas Del Borrello of Sewell, NJ, was also charged by Information with eight counts of aggravated false filing of a currency transaction report and one count of aggravated failure to file a currency transaction report.

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