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Glen Cove Advertising Exec Admits $2M Fraud

A Glen Cove advertising business owner has admitted to defrauding the U.S. Postal Service out of $2 million in bulk mailing payments.

Community Coupons owner Matthew Rosencrans, 50, pleaded guilty at Central Islip federal court to mail fraud.

“A theft from the Postal Service is a theft from the American Public,” said Philip Bartlett, U.S. Postal Inspector in Charge of the agency’s New York office.

Prosecutors said Rosencrans submitted more than 15 million pieces of bulk mail for distribution throughout the New York Metro area between July 2010 and August 2013, but only paid for delivery of about 3.4 million pieces.

Rosencrans faces a sentence of up to 20 years in prison and $2.1 million in restitution to the the USPS.