Business
Winning TAKE 5 lottery ticket sold at WNY convenience store
By Ronald Grant
Buffalo businessman used 63 people’s identities to take out millions in loans
Marcus Chen
Marcus Chen
Senior Reporter · Syracuse, NY
With a degree in Business Journalism from Columbia University, Marcus has spent a decade reporting on economic trends and local businesses for the Albany Times Union and formerly for NPR’s Upstate New York affiliate. His deep understanding of the financial landscape equips him to provide context to local economic shifts impacting Syracuse families.
More from Marcus →Senior Reporter · Saturday, November 7, 2026 at 2:00 PM · 1 min read
A Buffalo businessman who used his customers’ identities to take out millions of dollars in fraudulent loans has been sentenced to more than seven years in federal prison.Paul Paredes, 54, was sentenced to 87 months after being convicted of wire fraud and aggravated identity theft. He was also ordered to pay nearly $8.8 million in restitution to 57 victims.
Up nextWinning TAKE 5 lottery ticket sold at WNY convenience storeBusiness · 1 min read
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