Thomas Torre, of Albertson, accused in $30M bank fraud scheme

An Albertson man is accused of being the mastermind of a $30 million bank fraud scheme.



Thomas Torre had been the chief financial officer at "Metro Fuel Oil."



Torre will be arraigned tomorrow on charges he was one of the people who overstated the value of the Brooklyn based oil company.



They allegedly then took money out of a revolving line of credit until Metro Fuel disbanded.



Prosecutors say Torre and "co-conspirators" received millions from New York Commercial Bank under false pretenses.



Torre is now facing up to 30 years on each of the two counts, if convicted. 


sorry to interrupt
your first 5 are free
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please enjoy 5 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 5 view limit
Access to News 12 is free for Optimum, Comcast®, Time Warner® and Service ElectricSM customers.
Please login, create an account or subscribe to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."