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Kodak assessment fraud mastermind Nicolo dies

Rochester Business Journal
June 4, 2014

Former Yates County assessor John Nicolo, who was convicted in 2008 of bilking Eastman Kodak Co. and the town of Greece in a multimillion-dollar assessment fraud and kickback scheme, has died in prison.

Rochester Business Journal news partner News10 NBC said Nicolo died in federal prison last Wednesday. He was 81 years old.

His co-defendants were former Eastman Kodak Co. tax director Mark Camarata and former Greece assessor Charles Schwab. The trio was ordered to pay $9.9 million in restitution.

In 2012, federal officials gained control of assets seized from Nicolo's spouse sufficient to satisfy the court-ordered joint and several restitution obligations for the trio.
 
The assets included some $10 million in cash and a stable of luxury vehicles taken from Nicolo's wife, Constance Roeder, in 2005. After fighting the seizure, Roeder in 2012 bowed to the government's demands, relinquishing her claim to the money and vehicles.

He was serving a 12-year sentence.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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