MONROE COUNTY (WBRE/WYOU)— The United States District Attorney's Office announced the arrest of a 46-year-old man from Stroudsburg after he allegedly secured $2.2 million and spent it on some luxury items.
Officials say that Brian Albelli of Stroudsburg was sentenced to 48 months of prison time following his convictions of wire fraud and money laundering.
The U.S. District Attorney's Office states that Albelli filed approximately 20 fraudulent applications for pandemic stimulus funds under various business entities under hid and his family's control.
He even allegedly filed on behalf corporate entities under his control that did not have actual business operations.
Burglar removes air conditioner to break into homeAlbelli allegedly created an LLC under the name of Outbreak Assets for the sole purpose of getting access to the payments, according to the release.
Authorities states that Albelli then used these funds to purchase vehicles, a boat, make casino withdrawal among other personal expenses instead of business expenses.
In addition to the sentence of imprisonment, Judge Mannion also sentenced Albelli to
three years of supervised release following his term of imprisonment, to pay full restitution of
$2,232,077, and to forfeit numerous assets seized by investigators which included funds in bank
accounts, two vehicles, and jewelry.