This decision addresses the appropriate penalty for Cosimo “Cosmo” Polidoro, who was found liable for six additional counts of civil contempt for his continuing failure to comply with court orders and undertakings in two separate actions involving fraudulent real estate transactions.
Polidoro had previously been found liable for eight counts of civil contempt and sentenced to incarceration.
The court also determined the plaintiffs' entitlement to and quantum of punitive damages for the frauds perpetrated by Polidoro.
The court found Polidoro's conduct to be egregious, involving repeated lies and evasion, and imposed a six-month custodial sentence, to be served concurrently with existing intermittent sentences.
Additionally, Polidoro was ordered to pay $25,000 in punitive damages to each set of plaintiffs (Boroni and Macaes) and $95,000 in costs to the Boroni Plaintiffs.