The Biz: Fat Joe’s Former Business Partner Scott Spina Facing 20 Years in Prison
A year ago, Fat Joe’s sneaker store, Up NYC, was hit with allegations of credit card fraud. Now, Sole Collector reports the store’s co-founder Scott Spina, has been hit with a new set of charges.
The initial credit card fraud allegations surrounded unauthorized charges flagged by the store’s payment processing company, Cayan, and implicated Spina, who at the time was a teenager. Spina, now 20, has now pled guilty in Newark federal court Tuesday to one count of wire fraud. Spina is charged with “fraudulently obtaining or attempting to obtain more than $750,000 in money or goods.” He’s also charged with defrauding celebrity clientele.
Spina previously filed a lawsuit against Fat Joe, claiming he was forced out of Up NYC and “banned” even though he put up almost $500K of his own money to start the store. That suit was thrown out last July, however.
Spina made purchases with the credit card information forwarded to him in confidence.
