South Street check-cashing store hit with $4.8 million verdict for helping the former CEO of Philly Wholesale Produce Market embezzle funds
This month the legal focus wasn’t on the CEO but on a check-cashing business, DelBorrello Financial Services, that allegedly facilitated his fraud. Lawyers representing the family business argued that, like the market, it, too, was a victim of the actions of an estranged son who cashed DiCrecchio’s checks., stole funds from the produce market by cashing checks that were intended for the company, or ones that he made out from the produce market to fictitious entities.
In his federal sentencing hearing, Thomas DelBorrello told the judge that by not following federal law, he facilitated DiCrecchio’s theft going unnoticed. Michael Hollister, an attorney with Rothberg, Federman & Hollister who represented the financial services firm and owner in the civil case, declined to comment.