Connecticut Businessman Sentenced to Four Years in Prison for Running $2 Million Financial Fraud Scheme
Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that JOSEPH SORRENTINO, 65, of Stratford, was sentenced today by United States District Judge Christopher F. Droney in Hartford to 48 months of imprisonment, followed by three years of supervised release, for engaging in a scheme to steal advance fees from individuals who sought financing from him and his company, Kenlin Capital, Inc. On November 19, 2009, SORRENTINO pleaded guilty to one count of interstate transportation of money obtained by fraud. According to court documents and statements made in court, for more than four years, SORRENTINO defrauded individuals who sought financing from SORRENTINO and/or his corporate entities Kenlin Capital; Kenlin Capital, Inc; Kenlin Capital, LLC or Kenlin International, Inc. SORRENTINO represented to the individuals that he controlled a large family trust that had the ability to make multi-million-dollar loans. However, SORRENTINO did not control a large famil...