A list broker has pleaded guilty to causing nearly $10 million in losses to consumers across the country.  74-year old Norman Newman of Croton-on-Hudson, New York was part of a conspiracy to supply lists of potential victims to those conducting fraudulent mass-mailing schemes.

From 2005 to 2016, Newman worked as a list broker and senior vice president at Danbury-based Macromark Inc., a direct mail services firm.

Macromark pleaded guilty to facilitating elder fraud schemes in September 2020. The conspiracy resulted in at least $9.5 million in losses to consumers. 

The fraudulent mass mailer clients sent out deceptive letters that appeared to be personalized, when, in actuality, the same letters were sent to thousands of consumers on the mailing lists that Newman provided. Fraudsters paid commissions to the Danbury firm for brokering the sale of lists of potential victims. Newman then received a percentage of the commissions.

Newman is scheduled to be sentenced on July 14 and faces a maximum penalty of 20 years in prison.