Redding Man Arrested on $469K of Fraud

Raymond Sanzone faces up to 20 years in prison if convicted.

A 44-year-old energy broker was arrested Monday and charged with cheating private schools and municipalities out of $469,000 by artificially inflating commissions, the Danbury News Times reports.

According to the News Times, Raymond Sanzone was "charged with two counts of racketeering, three counts of first-degree larceny and one count of second-degree forgery, crimes that carry a maximum term of 20 years in prison and up to $15,000 in fines."

Sanzone, president of Turri Associates, was allegedly contracted to collect a commission of one mill (1/10th of one cent) per kilowatt hour to obtain cheaper energy rates for the schools and municipalities he represented. It as later discovered he was collecting a commission of 2.5 mills.

He was released on $75,000 bond and is scheduled to appear in court on June 19. 

MAC June 12, 2012 at 07:28 PM
Wow. I hope they get the money back, and lock up this scoundrel! What a SCAM! Why should schools need to hire a "broker" to get utility savings, anyway? For residential energy use at least, all sorts of lower kw hr. rate offers come our way, even listed in our UI billings. Isn't such comparative information available to school business managers and municipalities?


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