RegulationPrimary source

Rochester man going to prison for conspiring to defraud victims, including taxpayers, of more than $2,000,000 and money laundering

U.S. Attorney Michael DiGiacomo announced today that Timothy Wadsworth, 35, of Rochester, NY, who was convicted of conspiracy to commit wire fraud and money laundering, was sentenced to serve 51 months in prison and pay $810,965.19 in restitution by U.S. District Judge Frank P. Geraci, Jr. In addition, Wadsworth was ordered to forfeit $810,956.19, which represents the wire fraud proceeds he received. This case is...

What happened

U.S. Attorney Michael DiGiacomo announced today that Timothy Wadsworth, 35, of Rochester, NY, who was convicted of conspiracy to commit wire fraud and money laundering, was sentenced to serve 51 months in prison and pay $810,965.19 in restitution by U.S. District Judge Frank P. Geraci, Jr. In addition, Wadsworth was ordered to forfeit $810,956.19, which represents the wire fraud proceeds he received. This case is...

Why it matters

The development may change operating conditions or market expectations around Regulation. Further confirmation and measurable outcomes matter.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

  1. U.S. Department of JusticePrimary source · Supports · EN · 100%
    Rochester man going to prison for conspiring to defraud victims, including taxpayers, of more than $2,000,000 and money laundering ↗

Claims

  • Rochester man going to prison for conspiring to defraud victims, including taxpayers, of more than $2,000,000 and money laundering Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

  1. First reported

Market move following event

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Score explanation

Confidence · formula confidence-2.1.0
Source trust97
Independent corroboration51
Primary evidence100
Claim consistency82
Extraction confidence82
Attribution quality90
Impact · formula impact-2.1.0
Event magnitude45
Market relevance88
Entity significance42
Market breadth45
Novelty68
Urgency51
capital magnitude24
Ranking · formula rank-1.0.0
Confidence factor0.9235
Freshness factor0.8801
Breaking bonus0
Rochester man going to prison for conspiring to defraud victims, including taxpayers, of more than $2,000,000 and money laundering | IntelCap