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

News 12 Staff

Sep 25, 2014, 3:39 PM

Updated 3,559 days ago

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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. 


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