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This profile was last updated on 5/30/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. George J. Rosa III

Wrong George J. Rosa III?

President

Ex Hallmark Institute of Photography
 
Background

Employment History

Board Memberships and Affiliations

54 Total References
Web References
Ex Hallmark Institute of ...
www.gazettenet.com, 30 May 2014 [cached]
Ex Hallmark Institute of Photography president Rosa must repay millions, gets probation for fraud, tax evasion
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SPRINGFIELD - George J. Rosa III must repay the millions he owes the Internal Revenue Service and People's United Bank, but will not serve any time in prison for bank fraud and tax evasion.
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Rosa pleaded guilty in March to financial crimes committed while president of the for-profit school.
According to the Department of Justice, Rosa spent $2.6 million in company funds for his own purposes, including construction at his personal residence, gambling, and approximately $55,000 on clothing, shoes and accessories. Rosa disguised this personal spending as Hallmark business expenses, defrauding the People's United Bank and federal Small Business Administration in connection with a series of corporate loans, and filing false income tax returns for himself and the company based on the altered books.
Ponsor said the sentence recognizes what he termed an unusually powerful expression of contrition in informing on former colleague Gregory Olchowski and "people of a shadowy and more dangerous nature," Rosa's unusually impressive post-apprehension rehabilitation - he has worked for the Red Cross and Autism Speaks - and his potential to benefit the community. Ponsor also said he did not see much to be gained by warehousing Rosa in prison at a cost of $30,000 a year to taxpayers when he could be working to repay his debts.
The sentence includes 400 hours of community service to be performed during the five years of probation, nine months of which will be served in a halfway house and nine months under house arrest. In both situations Rosa will be allowed to leave during the day to work.
Rosa owes the IRS $1.4 million and People's United Bank $2.5 million in restitution. He was also sentenced to serve one day in jail, but was given credit for his one day detained in connection with the case.
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"Mr. Rosa is effectively ruined financially and will be working to stay just where he is for the rest of his life."
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Breslow said that without Rosa there would not have been a case.
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Summarizing the prosecution's filing in the Rosa case, Ponsor said Rosa had also been helpful in investigations of several individuals involved in illegal gambling and loan sharking.
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Defense attorney John Pucci said the government has given immunity to serial killers, pointing to the trial of James J. "Whitey" Bulger Jr., and said they could do more for Rosa.
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Pucci said that Rosa had had no chance to grow up as a normal, balanced person despite his two-parent, middle-class upbringing, describing his father as a philandering "Frank Sinatra impersonator" who taught him to gamble at 11.
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Breslow said the requested two-year sentence balanced the need to reward Rosa and encourage others to inform, and the need to give weight to serious white-collar crime.
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Rosa, whose father founded the business, sold the photography school to Premier Education Group in 2009, at which time he was facing foreclosure by People's United Bank. Premier kept Rosa on as president and executive director until 2012, when he and the company officially parted ways.
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Ex Hallmark Institute of Photography president Rosa must repay millions, gets probation for fraud, tax evasion (1998 reads)
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www.internationalpress.com [cached]
Hallmark Museum Announces Expansion - George J. Rosa III, Founder and President of Hallmark Museum of Contemporary Photography has announced that the museum will expand its exhibition, archive and exhibit preparation spaces in January 2008.
Lynn Goldsmith Photography
www.lynngoldsmith.com, 2 Sept 2010 [cached]
Lynn with George J Rosa III, Director of the Hallmark Museum
George Rosa III, former ...
www.gazettenet.com, 13 Mar 2014 [cached]
George Rosa III, former owner of Hallmark Institute of Photography, pleads guilty to bank fraud, tax evasion
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SPRINGFIELD - George J. Rosa III, former owner and president of the Hallmark Institute of Photography in Turners Falls, faces federal prison time after stealing money from the company.
According to the Department of Justice, Rosa spent $2.6 million in company funds for his own purposes, including construction at his personal residence, gambling, and approximately $55,000 on clothing, shoes and accessories.
Rosa, who has not been associated with the school since 2012, pleaded guilty Tuesday in U.S. District Court in Springfield to related charges of bank fraud and tax evasion.
According to prosecutors, Rosa disguised his personal spending by reconfiguring these expenses on the company's books as proper business expenses, and in doing so defrauded the People's United Bank in connection with a series of corporate loans, two of which were guaranteed by the federal Small Business Administration. Rosa also used the company's altered books as a basis to file false income tax returns for himself and the company, according to the Department of Justice.
It was not immediately clear over what period the crimes occurred, although the school's current owner's comments imply it was when Rosa still owned the school.
Rosa could not be reached for comment Wednesday. The Department of Justice gives Rosa's residence as Conway, where he lived as recently as 2013.
Rosa, whose father founded the business, sold Hallmark to Premier Education Group in 2009, at which time he was already facing foreclosure by People's United.
The company kept Rosa on as president until 2012, when he and Premier parted ways under circumstances the company declined to comment on at the time.
"Unfortunately, George Rosa, who had served as president of Hallmark, separated from the company in August of 2012 in light of personal and business issues that had occurred prior to Premier Education Group ownership," said current school president Ed Martin, reading from a statement Wednesday.
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Also in August of 2012, Rosa was silently implicated in another federal court case against former Greenfield lawyer Gregory M. Olchowski.
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Rosa was president of Hallmark during the time period specified.
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Allegations of fraud surfaced in 2010, when People's United asked a federal court to rule that Rosa knowingly provided false information to the bank, and that it was owed damages in addition to the debt. Rosa had at the time filed for bankruptcy protection from $2,753,299 in personal debt.
The Premier statement this week praised Rosa for his legacy in building the school and for his contributions to the profession of photography.
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Rosa faces a maximum of 30 years in prison on the charge of bank fraud and five years in prison on the charge of tax fraud, five years of supervised release, and a $1 million fine or twice the gross gain or loss of his crime, according to the Department of Justice.
Home Page
www.mapcs.org, 7 Jan 2010 [cached]
George Rosa III, Director george@hallmark.edu Programs: Photography
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