8/2/13 - The financial victims of a Livingston County investment managerâs fraud scheme will again have to wait for justice. John Bravata of Brighton Township had been set for sentencing August 19th in U.S. District court in Detroit following his conviction for defrauding investors. However, that has now been rescheduled for September 23rd. Bravata was found guilty in March of a single count of conspiracy to commit wire fraud and 14 counts of wire fraud, while his son Antonio was found guilty on one count of conspiracy to commit wire fraud. Bravataâs business partner, Richard Trabulsy, previously pleaded guilty to wire fraud and testified against him. In exchange for the plea deal, prosecutors agreed to drop charges of conspiracy, securities fraud, and money laundering. The federal government says the three men misled 440 investors while collecting millions of dollars for BBC Equities, which operated out of Brighton Township. Bravata has repeatedly denied any fraud. His son will be sentenced three days after his father, with Trabulsyâs sentencing set for the day after that. Wire fraud carries a maximum sentence of twenty years in federal prison, along with up to a $250,000 fine.
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