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$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
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…
$30M Insider Trading Case: New England Police Chief Profited From Merger Info, Feds Say
Four men from New York and Massachusetts, including a police chief, are accused of making millions of dollars through an insider trading scheme involving one pharmaceutical company’s acquisition of another.
The case, announced by the US Attorney’s Office in the Southern District of New York on Thursday, June 29, is one of four separate insider trading cases that reportedly generated a combined $30 million for those involved.
Named in the case are:
Shawn Cronin, age 43, of Dighton in Bristol County, Massachusetts and chief of the Dighton Police Department
Joseph Dupont, age 44, of Rehoboth…
Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme
A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme.
White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation.
On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced.
As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …
Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
Westchester Man Arrested For Role In Decade-Long $1M Ponzi Scheme
A Westchester County man was arrested this week for his role in a near decade-long Ponzi scheme that defrauded investors in New York and other parts of the country out of more than $1 million.
White Plains resident James Doyle, 72, and Carl Carro, 59, of Walton, Delaware, the purported managing directors of headhunting companies Endeavor Management Solutions and Endeavor Consultancy, have been charged in a 42-count indictment for their roles in the schema.
Specifically, the two were charged with multiple counts of money laundering, grand larceny, securities fraud, and scheme to defraud.
Ne…
Financial Advisor From Westchester Accused Of Embezzling $640K From Clients
A financial advisor from Westchester has been accused of embezzling more than $640,000 from clients.
Gregg Brie, of White Plains, was arrested on Thursday morning, Oct. 1 and charged with securities fraud and wire fraud, Audrey Strauss, the acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation announced.
“As alleged, Gregg Brie stole money so he could live a lavish lifestyle," Strauss said. "This office is committed to rooting out fraudule…
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…
Ousted Sports Radio Host Craig Carton Sentenced For Ponzi Scheme
This story has been updated.
Westchester native and former radio/TV sports talk star Craig Carton was sentenced by a Manhattan federal judge for running a ticket-resale Ponzi scheme.
Carton, who grew up in New Rochelle, was ordered on Friday, April 5 to serve 42 months in prison.
In addition to the prison term, he was sentenced to three years of supervised release and ordered to pay $4,835,186.56 in restitution and to forfeit $4,590,000.
In a plea for leniency, the 50-year-old Carton, who co-host WFAN's “Boomer and Carton” morning show for a decade alongside retired NFL qua…
Ex-Westport 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…
Westport Man Ordered To Pay $1.25M Fine For Insider Trading Scheme
A Fairfield County resident was among four men sentenced for an elaborate insider trading scheme that net a Manhattan hedge fund millions of dollars in profit.
For five years, 42-year-old David Blaszczak, a political intelligence consultant from Isle of Palms, South Carolina, was able to obtain confidential, non-public information from members of Centers for Medicine and Medicaid Services - including Christopher Worrall, 40, of Linthicum Heights, Maryland, who was a government employee there, according to Robert Khuzami, the Attorney for the Southern District of New York.
Blaszczak then pr…
