REDDING -- A Redding energy broker has been charged with defrauding private schools and municipal agencies of more than $469,000 by inflating the commissions he collected as a middleman in the state's energy markets.
He was charged with two counts of racketeering, three counts of first-degree larceny and one count of second-degree forgery, crimes that carry a maximum term of 20 years in prison and up to $15,000 in fines.
The investigation started after a complaint from then-Attorney General Richard Blumenthal and the Department of Public Utilities, which is now part of the state Department of Energy and Environmental Protection.
According to the complaint, Sanzone's contract with the Connecticut Association of Independent Schools, a group representing the state's private schools, was to provide him a commission of one mill, or one-tenth of a cent, for each kilowatt hour in exchange for negotiating a lower energy rate from the Hess Corp., which provided the schools with electricity.
But when association officials deciphered Turri Associates' complicated bills, they discovered he had been collecting commissions based on a rate of 2.5 mills.
Sanzone was released on $75,000 bond pending a June 19 appearance in state Superior Court in Waterbury.
A telephone listed in his name in Redding was out of service Monday.