Bloomfield Man Pleads Guilty to Wire Fraud

An Ontario County man has pleaded guilty to wire fraud charges in federal court.

Prosecutors say 59-year-old Thomas Corsaro of Bloomfield was acting as an investment advisor when he launched a scheme to defraud eight investors, spending their money on himself instead of investing it.

Corsaro received more than $1.7 million from the eight investors.

He repaid around a sixth of the money, more than $265,000, before he was arrested.

Corsaro will be sentenced in December.

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