Schlisser Arrected for Wire Fraud

The Journal News is reporting that 57-year-old Michael “Mickey” Schlisser of Pomona, who has served time for securities fraud faces a new federal charge of wire fraud for allegedly misspending money from a $1.2 million account given to him by investors to buy and sell companies. According to FBI Special Agent, Michael Savona, Schlisser used the money personally, including credit card payments, checks to his wife’s unnamed Rockland bakery, his son’s schooling and payments on loans previously made involving another investment. A December 6 complaint to US Attorney Preet Bharara’s office alleges that through a wire fraud Schlisser devised a scheme to obtain money and property by means of false and fraudulent pretenses and obtained $1.2 million for the scheme from investors by interstate wires and other means. The FBI arrested Schlisser on December 7. Bail has been set at $1 million. (Source: The Journal News)


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