Home Courts Former Stamford real estate developer sentenced to 85 months for defrauding investors

Former Stamford real estate developer sentenced to 85 months for defrauding investors

J+D
Photo courtesy of Christopher Fountain

John DiMenna, a 75-year-old former Stamford-based real estate developer, was sentenced to 85 months in prison, followed by three years of supervised release, on federal charges of defrauding investors and lenders.

DiMenna pleaded guilty last September to two counts of wire fraud related to a scheme that cost investors approximately $28 million and cost lenders approximately $37 million between 2010 and 2016. DiMenna and his business partners operated through several companies, including Seaboard Realty LLC, Seaboard Stamford Investment Group and Seaboard Properties Group LLC.

The case alleged DiMenna coordinated such activities as selling equity to investors on entities that were already fully subscribed, creating false financial documents and tax returns, forging names of two of his business partners on documents to secure financing, and providing investors inaccurate financial information in order to induce investors not to withdraw investments. Following his sentencing on April 10, DiMenna was released on a $250,000 bond and ordered to report to prison on July 9.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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