Army advisor who bilked Gold Star families for $10 million gets 12 years in prison [View all]
An Army reservist who scammed Gold Star families — particularly grieving wives and mothers who spoke little English — will spend more than 12 years in prison. New Jersey Army Reservist Caz Craffy bilked over $10 million from grieving families, most with minimal financial literacy and many of whom were immigrants, the lawyer representing the families told Task & Purpose.
An FBI agent who worked on the case said, “heartless and despicable don’t even begin to sum up his crimes.”
Craffy, also known as Carz Craffey, admitted in April to defrauding Gold Star families when he tricked them into putting $10 million into an investment scheme, lost $3.7 million of it on risky financial bets, and kept $1.4 million for himself, according to the Department of Justice. Craffy admitted that he convinced the families that the financial investments were approved by the Army.
A federal judge sentenced Craffy to 151 months Wednesday.
https://taskandpurpose.com/news/army-scam-gold-star-families/
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