(Springfield, MA) — A Belchertown man has been sentenced to nearly four years in federal prison for running a scam. 65-year-old John Sacco placed advertisements in national newspapers promising big profits to those who signed up to become brokers of business loans to people with poor credit. He persuaded 130 people to send him an average of six-thousand-dollars apiece to participate in the scheme, which never materialized. Sacco pleaded guilty in May to fraud and firearms charges.
Belchertown Man Sentenced For Scamming “Brokers”