NY Man Pleads Guilty After Helping Danbury Company Scam $9.5 Million

74-year-old Norman Newman was a respectable businessman until he became greedy. On Friday, April 23, Norman pleaded guilty to facilitating elder fraud schemes, according to a press release from the Department of Justice.

Newman was a List Broker and Senior Vice President at the Danbury-based company Macromark Inc., a direct mail services firm. His job was to provide lists of potential victims that would buy into a scam that tricked older consumers into thinking that by paying certain fees, they could possibly win large sums of money, a valuable prize or personalized "psychic" services that didn't exist.

Because of Newman and mass mailers like Macromark who took part in the fraudulent schemes, seniors were swindled out of $9.5 million over the course of 11 years.

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He absolutely knew that each name he provided would result in a mailing that was against the law. Newman stood before Judge Alvin W. Thompson of the U.S. District Court in Hartford as he pleaded guilty to conspiracy to commit mail and wire fraud.

Newman's sentencing is scheduled for July 14 where he faces a maximum penalty of 20 years in prison. Remember this: if it appears to be too good to be true, it probably is. Don't let this happen to you. If you suspect you're being scammed, contact a Victim Witness Coordinator at 203-821-3757 or click on this website.