PROVIDENCE, R.I. (AP) — The federal court of appeals has upheld the conviction of a Rhode Island art dealer who was condemned to 16 years in prison for his elaborate multimillion-dollar scheme to defraud investors.
Rocco DeSimone of Johnston was seeking to overturn a March 2011 conviction on money laundering and seven counts of mail fraud. A jury found he fleeced an inventor and investors out of more than $6 million.
The First Circuit Court of Appeals on Friday upheld the district court’s sentence that includes an order for DeSimone to pay $6 million in restitution and forfeit some property.
During the trial, prosecutors described DeSimone as a ‘‘career con man’’ and criminal who stole his victims’ money and saddled them with ‘‘broken dreams, empty bank accounts, and untold distress.’’