A pooled investment vehicle can sound like a tidy, buttoned-up operation. Monthly statements. Clean returns. Foreign currency plays. The whole thing wrapped in a neat PDF that says, “Trust me.” Then the math stops mathing. Last week in New Hav...
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Florida Advisor Sentenced in $4M Investment and Tax Fraud
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Subscribe18 FEB 2026 / ACCOUNTING & TAXES
Florida resident John A. Masanotti Jr., 71, was sentenced to 90 months in prison for a $4 million investment fraud scheme coupled with tax evasion. Masanotti siphoned funds from 14 clients for personal expenses through his investment firm, Middlesex Mortgage Group, and failed to report over $3 million in income to the IRS.
A pooled investment vehicle can sound like a tidy, buttoned-up operation. Monthly statements. Clean returns. Foreign currency plays. The whole thing wrapped in a neat PDF that says, “Trust me.” Then the math stops mathing. Last week in New Hav...
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