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Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors
Alleged $1.3M Scheme: Kubient CEO Accused Of Accounting Fraud, Misleading Investors A New York resident who was the chief executive officer of digital advertising technology company Kubient fabricated documented and misled investors and auditors, according to federal authorities. The scheme by Long Island resident Paul Roberts, age 48, of Melville caused Kubient to improperly recognize more than $1.3 million in fraudulent revenue in Kubient’s financial statements at the time of the company's initial public offering, according the United States Attorney for the Southern District of New York Damian Williams. Roberts was charged this with one count of securities fra…

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by Joe Lombardi
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Man Sentenced For $12M Ponzi Scheme That Included Victim From Fairfield County Man Sentenced For $12M Ponzi Scheme That Included Victim From Fairfield County
Man Sentenced For $12M Ponzi Scheme That Included Victim From Fairfield County A New York man was sentenced for his role in a $12 million Ponzi scheme that targeted nearly 50 victims from throughout the region and the nation between 2015 and 2017. Long Island resident Matthew Eckstein, age 52, of Syosset, was sentenced on Monday, July 11 to three-and-a-half to 10-and-a-half years in prison. Eckstein originally pleaded guilty to the charges on September 26, 2019, but later withdrew his plea. A new indictment was secured in August 2020, but court closures related to the COVID-19 pandemic further delayed the case. “This defendant preyed upon seniors and hard-working men…

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by Joe Lombardi
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Stamford Man Among Three To Admit To Criminal Copyright Infringement Stamford Man Among Three To Admit To Criminal Copyright Infringement
Stamford Man Among Three To Admit To Criminal Copyright Infringement Three employees at a Long Island Information Technology company have admitted to their roles in an elaborate, high-tech scheme to defraud customers by stealing keys and licenses for some software programs. Michael Calabria, age 49, of Manorville, Joseph Keegan, age 46, of Merrick, and Casey Silver, age 36, of Stamford, Connecticut, pleaded guilty to criminal copyright infringement for their roles in a years-long scheme, the US Attorney's Office announced. Calabria and Keegan were principals at Constructure Technologies in Melville and Silver, a project manager at the company, admitted to in…

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by Zak Failla
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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…

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by Joe Lombardi