The treasurer of a Rhode Island children’s charity has been sentenced to prison for stealing nearly $186,000 from the organization.
U.S. Attorney Peter Neronha says Robert Lonardo, of Burrillville, was sentenced Wednesday in federal court in Providence to six months behind bars followed by two years of probation. The 67-year-old Lonardo pleaded guilty in June to one count of wire fraud.
Prosecutors say Lonardo began withdrawing funds from the bank accounts of the Rhode Island Association for Cardiac Children in January 2013, following the death of his mother, who founded the charity. Lonardo withdrew money for his own personal use up until August 2015.
The charity raises funds for hospital equipment, children’s cardiac treatment and research and for families whose children need surgery for cardiac disease.
Topics Fraud
Was this article valuable?
Here are more articles you may enjoy.
More Insurance M&A Deals on the Horizon? 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
Fannie Mae, Freddie Mac Will Again Accept Actual Cash Value Home Insurance 
