Please ensure Javascript is enabled for purposes of website accessibility
Home / Law / Buffalo developer charged with fraud

Buffalo developer charged with fraud

BUFFALO — A businessman is accused of trying to cheat the IRS using shell companies and multiple bank and trust accounts.

Real estate developer Frank Parlato Jr. was scheduled to be arraigned in federal court in Buffalo Monday on charges including money laundering and wire fraud conspiracy.

Federal prosecutors say Parlato, along with Chitra Selvaraj, are charged in a 19-count grand jury indictment. They say the pair orchestrated a scheme to defraud the IRS and others that involved more than 15 shell companies, 50 bank accounts and multiple attorney trust accounts.