Overview
- Carmine Agnello Jr., sentenced Monday in Central Islip by U.S. District Judge Nusrat Choudhury, received 15 months in federal prison and must pay $1,268,302 in restitution.
- He also received two years of supervised release, 100 hours of community service, and court-ordered mental health care that includes treatment for gambling, with a report date set for July 20.
- Prosecutors had urged a term of 33 to 41 months, but the judge imposed a shorter sentence after his guilty plea and sentencing submissions earlier this month.
- Agnello admitted in September 2024 to wire fraud tied to at least three SBA Economic Injury Disaster Loans between 2020 and 2021 that brought in about $1.1 million.
- Prosecutors said he diverted roughly $420,000 into a cryptocurrency venture and lied on applications about payroll, intended use, and his criminal record, while his defense sought leniency citing a planned kidney donation that has not occurred.