Aug 21, 2014
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Former Dover official gets jail for real estate fraud scheme
While the case is tied to other victims, Nickolas Skaltsis, 62, of 6 Erik Drive, waived the indictment process and pleaded guilty to three counts of theft by deception and one count of theft by misappropriation of property.
“Your days of influence in Dover or anywhere else has ended,” Green said.
“You took more than money — you took our piece of mind,” Woods said, adding Skaltsis proved to be an incredible disappointment.
As part of his sentences, Skaltsis is prohibited from soliciting investors in any state and cannot engage in real estate. He must pay $277,743 in restitution plus a 17 percent administrative fee, according to Senior Assistant Attorney General James Boffetti.
“He immediately converted those funds to his benefit,” Adams said.
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