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Investment

Greenwich Investment Firm Founder Stole Millions In Clients' Cash: Feds Greenwich Investment Firm Founder Stole Millions In Clients' Cash: Feds
Greenwich Investment Firm Founder Stole Millions In Clients' Cash: Feds A 49-year-old Connecticut man faces potentially decades in prison after he allegedly defrauded and stole $3.5 million of his client's money for years, federal authorities said.  Justin C. Murphy, 49, of Stamford, is charged with 15 counts of wire fraud, five counts of money laundering, and three counts of tax evasion, the US Attorney for Connecticut announced on Tuesday, Nov. 5.  Murphy ran the Greenwich-based investment firm Mara. The company also went by Mara Investment Group, LLC, Mara Investment Management LP, and Mara Investments Global Management LLC.  Federal inv…
Former New Canaan Home Of Paul Simon, Richard Gere Sells For Second Time In 2 Years Former New Canaan Home Of Paul Simon, Richard Gere Sells For Second Time In 2 Years
Former New Canaan Home Of Paul Simon, Richard Gere Sells For Second Time In 2 Years A Connecticut estate once home to both singer-songwriter Paul Simon and actor Richard Gere has sold for tens of millions of dollars for the second time in two years.  The 32-acre Fairfield County property, located at 82 Brookwood Ln. in New Canaan, sold on Thursday, Oct. 10 for $10.75 million, according to the town's property records.  The home was last purchased for $10.8 million through the Kensho Trust in July 2022 by the 75-year-old Gere, known for "Pretty Woman" and "An Officer and a Gentleman." He had intended to turn part of the property into a farm and harvest mushrooms, h…
$1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds $1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds
$1B Scheme: Pair Of CEOs, Including NY Man, Defrauded 10K Investors, Jury Finds A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors. Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud. Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud. The verdict came after an eight-week trial. When sentenced on Thursd…
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say $185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced. The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes." “By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…
Westport Investment Advisor Gets Jail Time: Did Not Report $1.4M To IRS, Feds Say Westport Investment Advisor Gets Jail Time: Did Not Report $1.4M To IRS, Feds Say
Westport Investment Advisor Gets Jail Time: Did Not Report $1.4M To IRS, Feds Say An investment advisor from Fairfield County will spend time in prison after failing to report more than $1.4 million in income to the IRS, federal officials said.  Westport resident Thomas Pacilio, age 64, was sentenced on Thursday, April 13 to six months in prison for omitting around $1,476,425 in profits in income tax returns between 2015 and 2018, according to the US Attorney's Office for the District of Connecticut.  Earlier Report - Westport Investment Advisor Failed To Report $1.4M In Profits To IRS, Feds Say According to federal officials, in 2011, Pacilio a…
Connecticut Woman Wins $50K Powerball Prize After Playing Father's Old Roulette Numbers Connecticut Woman Wins $50K Powerball Prize After Playing Father's Old Roulette Numbers
Connecticut Woman Wins $50K Powerball Prize After Playing Father's Old Roulette Numbers A Fairfield County woman claimed a $50,000 Powerball prize after she played her father's old roulette numbers. Dana Pniewski, of Stratford, claimed her prize on Wednesday, Nov. 9, Connecticut Lottery announced. CT Lottery said Pniewski purchased two $2 Powerball tickets at Stratford Cigar & Smoke Shop in Stratford in order to enter the $2.04 billion Powerball jackpot drawing on Monday, Nov. 7.  In one of the tickets, she used her father's old roulette numbers. When the winning numbers of 10 - 33 - 41 - 47 - 56 and Powerball 10 were announced, Pniewski realized…
These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals
These Are Four Types Of Rich People, Plus Their Top Habits, New Report Reveals They say if you want to be rich, you’ve got to think like a rich person. Tom Corley, an accountant and financial planner, recently interviewed 225 millionaires as part of a five-year “Rich Habits” study and outlined his findings in a new report for CNBC. Corley said of all the people he interviewed, each one fell into one of four categories in how they approach money-making. Categories of Millionaires The first category is the Saver-Investors, people who make it a habit to save and invest their money. Corley said these people are constantly thinking about smart ways to grow their wealth.…
Foxwoods Plans To Open New Casino In Caribbean Foxwoods Plans To Open New Casino In Caribbean
Foxwoods Plans To Open New Casino In Caribbean Foxwoods has announced plans to open a new casino in the Caribbean. On Tuesday, Jan. 26, the Mashantucket Pequot Tribal Nation and LionGrove announced the formation of a partnership to reopen the iconic El San Juan Casino as the Foxwoods El San Juan Casino in Puerto Rico, according to the tribe. Foxwoods is one of the biggest casinos in the Northeast and is located on tribal land in Ledyard, Connecticut San Juan is becoming a casino hotspot with large-scale gambling facilities including the Stellaris Casino, the San Juan Marriott Resort, and the Sheraton Puerto Rico Hotel & Casino. D…
CT Man Accused Of Defrauding Investors CT Man Accused Of Defrauding Investors
CT Man Accused Of Defrauding Investors A Connecticut man has been indicted on 17 counts of allegedly defrauding investors of an alcoholic beverage company. Brian Hughes, 56, of Madison, was indicted on Friday, Jan. 15, following his arrest, said John H. Durham, U.S. Attorney for the District of Connecticut. The indictment alleges that in March 2015, Hughes founded Handcrafted Brands, for the purpose of raising money to purchase Salute American Vodka, an alcoholic beverage company.  After founding the company, Hughes allegedly solicited and received funds from investors for the purchase and development of Salute.  &nb…
Master The Stock Market With This Under-$30 Investment Training Master The Stock Market With This Under-$30 Investment Training
Master The Stock Market With This Under-$30 Investment Training It’s a common and unfortunate myth that you need to have a fancy and expensive degree in finance in order to make money in the stock market. In fact, some of the world’s most successful investors are self-taught, and there are plenty of ways to see profits regardless of the amount you’re willing to invest. The Wall Street Survival & Stock Trading Guide Bundle will teach you everything you need to know in order to take advantage of all the stock market has to offer, and it’s available today for 98% off at just $29.99. Whether you’re a first-time investor looking to get your feet wet or a…
Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit' Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit'
Altice Says Lawsuit By Dolan Family, News 12 Anchor 'Without Merit' Altice USA issued a detailed response to Thursday's story by Daily Voice about a lawsuit filed this week by the Dolan Family and a longtime News 12 anchor to prevent Altice from laying off more workers at News 12. Janet Meahan, senior director of communications for Altice USA, said: “This lawsuit is without merit and paints an extremely inaccurate representation of our business. It is also surprising that the Dolan family would now challenge the strategic and organizational decisions that Patrick Dolan led during his 2 1/2 years with the company as President of News 12.  "Altice USA co…
Shelton Company Named One Of 'Best & Brightest' In The U.S. Shelton Company Named One Of 'Best & Brightest' In The U.S.
Shelton Company Named One Of 'Best & Brightest' In The U.S. SHELTON, Conn. — Barnum Financial Group of Shelton has been named one of the “Best and Brightest” companies to work for in the United States. The company is one of 437 selected for the honor from about 2,000 nominees by the Best and Brightest organization, part of the National Association of Business Resources. “We are extremely pleased to be recognized nationally as an employer who recognizes the need to interact with employees as partners with shared values and goals,” said Paul Blanco, CEO and founder of the Barnum Financial Group. “This national recognition and the numerous Best Places…