Peabody Board Denies Martino Another License

Peabody liquor licensing authorities sent Frank Martino away empty-handed Monday night, questioning his sincerity to operate a package store in the city, as reported by patch.com.

The main reason for the Licensing Board’s reluctance to grant Martino a license was because he just sold his full liquor license for a tidy profit less than a year after receiving it from the city (at a fraction of the cost), and was now asking for a new license to replace that one.

That did not sit well with board members; in fact, it was yet another unique factor to the situation –Martino sold his license for $205,000 to Trader Joe’s.