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Tag: US Securities and Exchange Commission
$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…
Greenwich Lawyer Paid India Government $2M Bribe For New Cognizant Office Complex, Feds Charge
A Greenwich lawyer conspired to pay government officials in India a $2 million bribe to pave the way for an office complex there when he was the chief legal officer of Cognizant Technology Solutions Corp, a federal indictment charges.
Steven Schwartz, 51, and former Cognizant president Gordon Coburn, 55, of Beaver Creek, Colorado, approved the payoff to secure the necessary permits for construction, U.S. Attorney for New Jersey Craig Carpenito said Friday.
To cover up the scheme, the pair and others “agreed that a third-party construction company would obtain the permit by making the illega…
