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Retirement pension

NY Man Admits To Running $200M Ponzi Scheme In Region NY Man Admits To Running $200M Ponzi Scheme In Region
NY Man Admits To Running $200M Ponzi Scheme In Region A 53-year-old man has admitted to running a $200 million Ponzi scheme in New York based on false statements to investors about inflated returns for nonexistent wholesale jewelry deals, federal authorities announced on Wednesday, Dec. 30. Long Island resident Gregory Altieri, 53, pleaded guilty to wire fraud for running the scheme.  As part of the plea, Altieri, of Melville in Suffolk County, also admitted to committing securities fraud in connection with the scheme.  When sentenced, Altieri faces up to 20 years in prison.  “With today’s guilty plea, Altieri is hel…