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Financial Crime

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$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud $65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud
$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud A former bond trader and hedge fund manager in New York could spend decades in federal prison for defrauding his friends and lending institutions out of over $65 million. Nassau County resident Jeffrey Parket, age 59, of Great Neck, pleaded guilty to wire fraud and bank fraud in federal court in Manhattan on Wednesday, Feb. 15. According to the US Attorney’s Office in the Southern District, Parket swindled his victims out of millions of dollars between 2016 and December 2021 by lying about his financial condition and pledging fake collateral in order to obtain short-term loans. He claime…

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by Michael Mashburn
News
NY Man Indicted In $700,000 Investment Scheme NY Man Indicted In $700,000 Investment Scheme
NY Man Indicted In $700,000 Investment Scheme A New York man has been indicted for scamming investors out of more than $700,000, authorities announced. Long Island resident Matthew Gallagher, age 37, of Rocky Point, used various investment schemes to scam 24 victims over a period of about four years, according to an investigation by Suffolk County Police and Suffolk County District Attorney Timothy D. Sini. “We have 24 people here who gave their savings to this defendant with the promise of sound investments only to be lied to and swindled out of their hard-earned money,” Sini said. “He was allegedly selling them on investing in b…

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by Joe Lombardi
News
Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam
Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam Residents in the area are being warned about a new phony check scam that has been making the rounds in the region. There are several variations to the scam, officials said, but the most common involves a resident receiving notice that they won a “sweepstakes” with a faux check or first installment. Other versions involve letters from allegedly foreign countries that require the deposit of cash into a bank account for safekeeping, while others offer “too good to be true” or “work at home” proposals. Authorities said that, “the checks look real, and might have the names of real companies on t…

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by Zak Failla
Police & Fire
Check Stolen From Darien Woman's Home Cashed For $5.2K, Police Say Check Stolen From Darien Woman's Home Cashed For $5.2K, Police Say
Check Stolen From Darien Woman's Home Cashed For $5.2K, Police Say Police are investigating after a check was allegedly stolen from a Darien woman’s home and cashed for $5,200. Darien Police say a complainant reported an incident of a potentially suspicious transaction on behalf of his mother on Saturday, April 20 around 11:30 a.m. The complainant allegedly told officers that one of the victim’s checks had been cashed in New Jersey in the amount of $5,200 on Tuesday, April 9. The complainant’s mother confirmed that she had not written a check from her account to anyone, according to police. Police say a second check was attempted on Thursday, April 11, b…

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by Valerie Musson
Police & Fire
Response To Fight In Stamford Leads To Discovery Of Stolen Checks, ID Theft Charges For Duo Response To Fight In Stamford Leads To Discovery Of Stolen Checks, ID Theft Charges For Duo
Response To Fight In Stamford Leads To Discovery Of Stolen Checks, ID Theft Charges For Duo A response to a fight that broke out in Stamford led to the discovery of checks likely stolen from mailboxes and corporate buildings, Stamford Police said. Patrol units were sent to Summer Street at Sixth Street on a report of two people fighting on Thursday, Dec. 27. The responding officers located Darren Crenshaw, 31, and Deshawn Johnson, 27.  Both live in Atlanta, Stamford Police said.  During the course of the investigation, officers recovered several fraudulent identifications, personal and business checks, ledgers, and notebooks which contained victim’s information (name, …

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by Daily Voice
Police & Fire
Greenwich Man Loses $600K After Getting Fake Email From Attorney Greenwich Man Loses $600K After Getting Fake Email From Attorney
Greenwich Man Loses $600K After Getting Fake Email From Attorney GREENWICH, Conn. — A Greenwich man was scammed out of $600,000 by someone he thought was his attorney closing on a real estate deal, according to Greenwich Patch. Police told Greenwich Patch that the man was preparing to close on a real estate deal when he received an email on Friday, Dec. 29, asking him to wire funds to California. Thinking that the email was from his attorney, the Greenwich man authorized the wire transfer, Greenwich Patch reported. Shortly afterwards, the man discovered that his attorney's email had been compromised, and that the funds had not been sent to the attorney, …

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by Daily Voice