Date Submitted
2022-10-06 22:48:58
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GeraldCoxMT
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matthemanb@gmail.com
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89223442849
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METHUEN — One of three local men implicated in an alleged global Ponzi scheme that snared hundreds of investors in Massachusetts is resigning from two city boards on which he has served for more than a decade.
James Piemonte was a longtime member of the Registrar of Voters and the Licensing Board, positions he has held since 2001 and 2002, respectively. He is listed as the Republican member of the two boards, which require a representative from each political party among the appointments
Mayor Stephen Zanni, whose role includes appointing people to various municipal boards, said Piemonte told him he would resign from both positions after Secretary of the Commonwealth William Galvin filed a complaint on Oct. 22, accusing Piemonte and two other Methuen men of offering fraudulent investments to people in Massachusetts and around the world.
METHUEN — One of three local men implicated in an alleged global Ponzi scheme that snared hundreds of investors in Massachusetts is resigning from two city boards on which he has served for more than a decade.
James Piemonte was a longtime member of the Registrar of Voters and the Licensing Board, positions he has held since 2001 and 2002, respectively. He is listed as the Republican member of the two boards, which require a representative from each political party among the appointments
Mayor Stephen Zanni, whose role includes appointing people to various municipal boards, said Piemonte told him he would resign from both positions after Secretary of the Commonwealth William Galvin filed a complaint on Oct. 22, accusing Piemonte and two other Methuen men of offering fraudulent investments to people in Massachusetts and around the world.
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