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AG Action Penalizes Man Who Preyed on Elderly

Attorney General Andrew M. Cuomo Thursday

announced his office has obtained a court order penalizing an Auburn

insurance broker who targeted seniors across the state by selling

overlapping home health services policies they did not need.

As a result of Attorney General Cuomo's lawsuit, the order issued by

Justice Diane Y. Devlin requires insurance broker Thomas Piccirillo to

pay $500,000 in restitution to seniors he defrauded, $100,000 in

penalties, plus an additional $10,000 penalty to the state for targeting

senior citizens. Piccirillo is also now barred from selling any

home-care policies unless he posts a $500,000 bond. Consumers who

believe they were defrauded by Piccirillo are urged to contact the

Attorney General's Buffalo Office at 716-853-8404 by September 15,

2008 in order to be possibly eligible for restitution.

"This individual illegally took advantage of New York's most

vulnerable residents to increase his commissions," said Attorney

General Cuomo. "He used the appeal of seniors maintaining their

independence in order to gain their trust, which he then broke by

selling unnecessary home care policies. My office is holding him

accountable for his misdeeds and he must pay restitution the consumers

he defrauded."

Piccirillo, of Genesee St. in Auburn, used the fear of being sent to a

nursing home as a tactic to sell elderly clients overlapping home health

services policies, including policies from a company that has since been

banned from doing business in New York state. By selling the overlapping

policies, Piccirillo obtained significant commissions from two service

companies, both of which were unaware he was selling the other's

duplicative product. The Attorney General's initial investigation

determined that in 2006 alone, Piccirillo earned over $117,000 in

commissions from the two service companies.

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