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The Boston Globe


West Roxbury couple charged in Ponzi scheme

A West Roxbury man pleaded not guilty in Suffolk Superior Court today to charges that he and his wife ran a multimillion-dollar Ponzi scheme from above their ice cream parlor on Centre Street in West Roxbury, and used the money to gamble, take exotic vacations, and pay his mistress’s rent.

Steven Palladino, 55, who has more than a dozen theft-related convictions on his record, was charged with four counts of larceny over $250, three counts of falsifying corporate books, one count of uttering, and three counts of loansharking. He is also charged as a common and notorious thief, which would lengthen his sentence if he is convicted.

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