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Stamford Man Sentenced For $2M Investment Scheme Stamford Man Sentenced For $2M Investment Scheme
Stamford Man Sentenced For $2M Investment Scheme The former CEO of a Fairfield County business has been sentenced to nearly a decade in prison after being convicted of defrauding investors of more than $2 million, including several women he met on an online dating website. Stamford resident Thomas Connerton, the founder, president, and CEO of Safety Technologies, LLC, which operated out of Westport, Stamford, Madison, and Simsbury, was found guilty in federal court for his role in a $2 million investment scheme. On Thursday, Dec. 19, Connerton was sentenced to 108 months in prison, followed by three years of supervised release for hi…

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by Zak Failla
Sports
Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets
Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets Many New York Mets fans may have their wishes granted as Greenwich hedge fund billionaire Steve Cohen, a Long Island native, is taking steps to purchase the majority of the team from the Wilpon family. Sterling Partners, the Wilpon’s family business, has reportedly entered talks to sell up to 80 percent of its shares of the Major League baseball team to Cohen, who is already an investor in the club. If completed, the transaction would value the franchise at approximately $2.6 billion. Under the proposed agreement, Fred Wilpon would remain as CEO for five more years, and Jeff Wilpon will con…

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by Zak Failla
News
Westport Man Admits To Investment Fraud Scheme, Lying To SEC Westport Man Admits To Investment Fraud Scheme, Lying To SEC
Westport Man Admits To Investment Fraud Scheme, Lying To SEC A 72-year-old man from the area has admitted to lying to the FBI and SEC while misrepresenting the worth of his businesses for several years. Westport resident Barton Stuck, who controlled the business entities of Signal Lake, a venture capital company that invests in technology companies - has pleaded guilty to multiple offenses related to an investment fraud scheme. Stuck admitted to committing fraud in 2015 and 2016 by misrepresenting the financial health and prospects of the Signal Lake entities and their investments to benefit himself personally. In one instance, he told an undercover…

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by Zak Failla
News
Ex-Fairfield County CEO Man Guilty Of Defrauding More Than $2M From Investors Ex-Fairfield County CEO Man Guilty Of Defrauding More Than $2M From Investors
Ex-Fairfield County CEO Man Guilty Of Defrauding More Than $2M From Investors The former CEO of a Fairfield County business has been found guilty of defrauding investors of more than $2 million, including several women he met on an online dating website. Stamford resident Thomas Connerton, the founder, president and CEO of Safety Technologies, LLC, which operated out of Westport, Stamford, Madison and Simsbury, has been found guilty in federal court for his role in the investment scheme. John Durham, the United States Attorney for the District of Connecticut, said that Safety Technologies was founded in 2006, with the purpose of developing and commercializing what wa…

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by Zak Failla