Former RI resident accused of scamming investors with phony companies, celebrity ties

PROVIDENCE, R.I. (WPRI) — A former Rhode Island resident is facing charges of wire fraud and money laundering for allegedly posing as a software developer and businessman to defraud investors, U.S. Attorney Zachary Cunha announced .

Jack A. Ranallo, 69, who also went by the alias “Giacomo A. Siciliano,” is accused of falsely claiming to be the owner of several companies and presenting himself as a “Master Software Architect” and “Data Scientist.”

The indictment further alleges that Ranallo fabricated another company, 1013 Products Group, which he claimed would acquire and resell liquidated products…

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