Stoneham Police Officer Ponzo Indicted ...maybe the judge will change his name to Ponzi?

 BOSTON —

A Stoneham Police officer and his brother, an owner of an electrical contracting company, have been indicted by a federal grand jury for allegedly paying a Mass Save vendor company employee tens of thousands of dollars in weekly cash bribes in exchange for the procurement of over $36 million in Mass Save contracts with the vendor company.

Joseph Ponzo, 48, of Stoneham, and Christopher Ponzo, 47, of North Reading, were indicted on one count of wire fraud conspiracy and 12 counts of wire fraud.  https://www.wcvb.com/article/stoneham-police-officer-indicted-in-dollar36m-scheme-involving-mass-save-funds/39862798#   According to the indictment, Joseph Ponzo, a full-time Stoneham police officer, and his brother, Christopher Ponzo, conspired to bribe an associate employed by a Mass Save lead vendor company in exchange for the associate’s assistance in procuring Mass Save contracts that netted the Ponzos millions of dollars in Mass Save contracts.

Specifically, from 2013 to 2017, the Ponzos allegedly paid the associate tens of thousands of dollars in cash bribes, kickbacks and other in-kind benefits. According to the indictment, from 2013 to 2017, Christopher Ponzo paid the associate $1,000 in cash on a weekly basis. At times, Christopher Ponzo allegedly paid the associate $5,000 to $10,000 in cash, telling the associate that the extra money was from Joseph Ponzo for his part in the bribery scheme.