74-year-old Norman Newman was a respectable businessman until he became greedy. On Friday, April 23, Norman pleaded guilty to facilitating elder fraud schemes, according to a press release from the Department of Justice.
Newman was a List Broker and Senior Vice President at the Danbury-based company Macromark Inc., a direct mail services firm. His job was to provide lists of potential victims that would buy into a scam that tricked older consumers into thinking that by paying certain fees, they could possibly win large sums of money, a valuable prize or personalized psychic services that didn t exist.
Because of Newman and mass mailers like Macromark who took part in the fraudulent schemes, seniors were swindled out of $9.5 million over the course of 11 years.