PORTLAND, Maine — A federal jury Wednesday found a Connecticut man guilty of wire fraud in a scheme that bilked an elderly Kennebunk resident out of $600,000 following two days of testimony.
Peter DiRosa, 65, of Manchester, Conn., convinced the now 81-year-old retiree in 2008 to invest in a resort development in Hungary, according to the U.S. Attorney’s Office. The Kennebunk investor received just $60,000 of his investment back.
DiRosa told the man he could expect a profit of $400,000 in six months and an additional $39,000 to cover lost income from his annuities, according to trial briefs filed in federal court in Portland.
In September and October 2008 a total of about $225,000 was wired to a Connecticut bank account in DiRosa’s wife’s name from a bank in Austria, according to the U.S. Attorney’s Office.
DiRosa’s wife has not been charged.
The victim has filed a lawsuit against DiRosa in state court, according to documents filed in the criminal case. Information about the pending litigation was not available Thursday morning.
DiRosa faces up to 20 years in federal prison and a $250,000 fine.
He is scheduled to be sentenced May 9 and remains free on $50,000 unsecured bail.