LaForte Brothers Plead Guilty to Racketeering and Fraud in Philadelphia, Facing Decades in Prison

Joseph LaForte and his brother James LaForte, the key operators behind Complete Business Solutions Group Inc. doing business as Par Funding, have admitted to running a corrupt financial scheme that deceived investors and generated more than $100 million through unlawful means. According to the U.S. Attorney’s Office for the Eastern District of Pennsylvania on Tuesday, the LaForte brothers entered guilty pleas to charges including racketeering conspiracy, securities fraud, and obstruction of justice.

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