United States v. Gennaco

MEMORANDUM & ORDER

GORTON, District Judge.

Defendant Joseph Gennaco (“Gennaco”) is awaiting trial subject to a detention order entered by United States Magistrate Judge Leo T. Sorokin. Currently before the Court is defendant’s motion for review and revocation of the detention order.

I. Background

On February 17, 2011, an 18-count indictment was returned charging Gennaco with wire fraud and mail fraud in violation of 18 U.S.C. §§ 1343 and 1341. The indictment alleges that Gennaco engaged in fraud in connection with his investment of life insurance policies, also known as “life settlements”, in…