Thomas John Sfraga, also known as T.J. Stone, has been sentenced to 45 months in prison for stealing $2 million from real estate and cryptocurrency investors through a fraudulent scheme involving a fictitious company named after a 'Seinfeld' joke. Operating under names like Build Strong Homes LLC and Vandelay Contracting Corp, Sfraga defrauded at least 17 victims, including friends and community members. His fraudulent activities caused financial and emotional harm, leading to significant legal consequences, including a substantial forfeiture order.
"There was nothing funny about his use of a Seinfeldian company, Vandelay Industries, to carry out this fraud, which caused severe financial and emotional harm to the hard-working men and women who trusted him."
"Victims loaned him money, believing it would be invested in cryptocurrency or used to buy, renovate and flip homes."
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