Financial planner who scammed victims out of millions to be sentenced
Steven Pagartanis pleaded guilty in 2018 to targeting older people, many of whom lost substantial portions of their life savings as a result of a Ponzi scheme.
•
Jan 9, 2020, 12:57 PM
•
Updated 1,713 days ago
Share:
A financial planner who stole millions of dollars from older Long Islanders will be sentenced today.
Steven Pagartanis pleaded guilty in 2018.
Pagartanis targeted older people, many of whom lost substantial portions of their life savings as a result of a Ponzi scheme.
Pagartanis admits he scammed more than a dozen victims out of more than $8 million.
The East Setauket man took the money over the course of 18 years.
Pagartanis is required to pay back more than $3.5 million in restitution.
His plea deal calls for a 15-year prison sentence.
More from News 12
2:06
Officials: Nassau Coliseum will be ‘safest place in the country’ for Trump rally
1:52
STORM WATCH: Dry today with sunny breaks; tracking rain for midweek
0:19
Police to hold vehicle auction this weekend in Westhampton
0:22
Wallet Hub: New York ranked best state for teachers
1:58
Made on Long Island: UNINET IColor Printing Solutions in Yaphank
2:39
