RIT freshman faces money laundering, conspiracy charges

Michael Colavecchia, who recently completed his freshman season at Rochester Institute of Technology, was arrested this week and charged with money laundering and conspiracy in an alleged scheme to defraud the Toronto Transit Commission.

CTV News in Toronto has reported that Colavecchia, as well as his father Bruno and mother Vincenza Grossi, along with Sebastian Corbo, were all arrested after a yearlong TTC internal investigation.

It is alleged that Corbo, who owns a paving business, overcharged the city of Toronto for work performed and the Colavecchias set up phony accounts to assist in the fraud.

“We are sorry to hear of the news concerning Michael and his family,” an RIT athletic department spokesperson said. “This is a legal matter in Canada so we have no further comment. We expect due process to take its course.”

All four suspects have a court hearing on July 28.

Colavecchia played in 35 games for the Tigers last season, and was seventh on the team in scoring with 18 points.