Bay Ridge insurance agent indicted for allegedly swindling seniors out of millions
A Bay Ridge insurance agent is accused of swindling his customers out of more than $2.5 million of their life savings in a scam targeting vulnerable senior citizens, Brooklyn prosecutors alleged on Wednesday.
Brooklyn District Attorney Ken Thompson said that Paul Simoneschi, 69, was arraigned on a 64-count indictment in which he is charged with grand larceny as a hate crime and other charges.
Simoneschi is a Staten Island resident with a business at 8403 Seventh Ave. in Bay Ridge.