(Photo: Niagara Gazette)
Four years after grand jury subpoenas were first served on the owners of the iconic One Niagara, the building’s former owner and a business associate have been indicted by a federal grand jury.
Late Friday afternoon, U.S. Attorney for the Western District of New York William J. Hochul Jr. announced that the grand jury had handed up a 19-count indictment charging Frank R. Parlato, Jr., 60, and Chitra Selvaraj, 41, with a conspiracy “to defraud the United States and certain members of the public, to obstruct the function of the Internal Revenue Service, wire fraud and wire fraud conspiracy, money laundering, and corrupt interference with the administration of the IRS laws.”
The charges carry a maximum penalty of 20 years in prison and a $250,000 fine.
The original article can be found at niagara-gazette.com