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Tennessee Man Admits Lying to Grand Jury
A New Jersey man has pleaded guilty to perjury in connection with his testimony before a Nashville grand jury.
Michael D. Tangredi, 55, of Toms River, New Jersey, admitted lying to a federal grand jury that had been investigating his son, Michael G. Tangredi, for conduct concerning fraudulent credit card transactions.
The younger Tangredi was indicted in 2013 on various charges, including money laundering, in connection with his alleged use of an American Express card to process more than $1,000,000 in fraudulent transactions.
During his trial in April 2014, Michael G. Tangredi pleaded guilty to one count of money laundering, after testimony had shown that he had used funds acquired from the fraudulent American Express transactions to purchase a Maserati, a Bentley, and a restaurant in Hawaii.
Michael D. Tangredi admitted that he knowingly gave false testimony before the grand jury regarding the Maserati that had been purchased with fraudulently-acquired funds.
Specifically, Tangredi admitted that he lied under oath to the grand jury when he testified that he was the person who had purchased this Maserati, whereas, in reality his son had purchased the automobile with fraudulently-derived funds.
Tangredi faces up to 5 years in prison and a fine of up to $250,000. He will be sentenced by Judge Aleta A. Trauger on August 22, 2016.
The case was investigated by the U.S. Secret Service. The case is being prosecuted by Assistant U.S. Attorney William F. Abely.
Key Facts
- State: Tennessee
- Category: White Collar Crime|Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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