Postal carrier admits stealing $400,000 from disabled veteran

Postal carrier admits stealing $400,000 from elderly customer
Stole $400,000 from veteran he befriended
Buffalo News
By Jay Rey
News Staff Reporter
July 12, 2013

The man lived in a cluttered, battered Buffalo home and was in need of help when Peter Saraceno first met him years ago while delivering the mail.

So Saraceno befriended the man, a fellow veteran. He helped him move into a better house, he ran errands for him, he washed his clothes.

But Saraceno also embezzled hundreds of thousands of dollars from the man’s life savings to finance a gambling habit, according to the Erie County District Attorney’s Office.

Saraceno, 63, a retired postal carrier from West Seneca, is accused of stealing roughly $400,000 from a 78-year-old who uses a wheelchair over the last seven years, said Erie County District Attorney Frank A. Sedita III.
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