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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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Fairfield County Man, Two Others Admit To Criminal Copyright Infringement Fairfield County Man, Two Others Admit To Criminal Copyright Infringement
Fairfield County Man, Two Others 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