Former Executive of Defunct Satellite Start-Up Pleads Guilty in $250 Million Fraud Case
January 20, 2026
January 20, 2026
WASHINGTON, Jan. 20 -- The office of the U.S. Attorney for the District of Columbia posted the following news release:
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Former Executive of Defunct Satellite Start-Up Pleads Guilty in $250 Million Fraud Case
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WASHINGTON - Joseph Fargnoli, 61, of Rochester, New York, pleaded guilty today in U.S. District Court in connection with his role in a multi-year scheme to defraud investors and lenders out of approximately $250 million, announced U. . . .
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Former Executive of Defunct Satellite Start-Up Pleads Guilty in $250 Million Fraud Case
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WASHINGTON - Joseph Fargnoli, 61, of Rochester, New York, pleaded guilty today in U.S. District Court in connection with his role in a multi-year scheme to defraud investors and lenders out of approximately $250 million, announced U. . . .