A former Rochester resident has pleaded guilty to his role in Ponzi schemes and faces serious prison time.
Christopher Parris, who has moved to Lawrenceville, Georgia, admitted to his involvement with his attempts at defrauding investors of $115.5 million dollars.
Between 2011 and 2018 Parris and his business partner, Perry Santillo, did business under the company name Lucian Development.
In April of this year, Parris pleaded guilty for conspiracy to commit mail fraud and filing a false tax return in relation to the scheme.
Parris attempted to sell the Veterans Administration 125 million N95 masks for $6.45 per mask. He knowingly attempted to secure the $3.075 payment without having any access to the product.
He was able to get $7.4 million from other companies with the same scheme.
In April of 2020 Parrish was charged for crimes related to the mask scheme and now has admitted to his roles in both schemes.
He will be sentenced in December and faces up to 20 years for conspiracy, up to 30 years for wire fraud during a presidentially declared emergency, and 10 years for committing the offense in the District of Columbia when he was released from the Western District of New York.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected]