NEW YORK — State Attorney General Letitia James and New York State Police Superintendent Kevin P. Bruen announced the sentencing of Shawn M. VanVeghten, 39, of Saratoga Springs, for defrauding homebuyers, business owners, a financial lender, and the beneficiary of a special needs trust out of more than $1 million to finance his own personal and business expenses.
Officials said VanVeghten’s multi-year scheme — that took place between 2016 and 2020 — left many homebuyers across upstate New York without the ability to get into their homes when promised, if at all. Today, before the Honorable James A. Murphy, III in Saratoga County Court, VanVeghten was sentenced on his convictions for felony second-degree money laundering and felony first-degree scheme to defraud to 2 1/3 to seven years in state prison.
“New Yorkers spend their lives saving for their dream home, so those who steal only to leave our state’s residents struggling to keep a roof over their heads will see the full force of our office come down on them,” James said.
“Shawn VanVeghten defrauded more than $1 million from New Yorkers just to finance his own expenses. Now Mr. VanVeghten will spend the next several years with a jail cell as the only roof over his head. New Yorkers can trust that I will protect their homes and their wallets from criminals seeking to take advantage of them. I thank the New York State Police for its partnership in finally putting away this repeat offender,” James…