PROVIDENCE, R.I. (WPRI) — The Cranston businessman who admitted to fleecing investors out of millions of dollars is likely to be sentenced to just over four years behind bars, according to new court documents.
Joseph Giuttari, 63, is scheduled to be sentenced Thursday at Rhode Island U.S. District Court in Providence. As part of a plea agreement he reached last year with federal prosecutors, Giuttari pleaded guilty to wire fraud, theft of government property and filing a false tax return.
According to federal sentencing guidelines, Giuttari is facing a minimum of four years and three months to a maximum of five years and three months in prison. The Rhode Island U.S. District Attorney’s Office has recommended the minimum sentence, according to court documents filed Wednesday.
BACKGROUND: Feds accuse Joseph Giuttari of scamming investors, stealing COVID money
John MacDonald, an attorney representing Giuttari, told Target 12 he’s recommending the same. Rhode Island U.S. District Judge Melissa DuBose is slated to hand down a final decision Thursday…