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Ponzi Scheme

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Wife Of Notorious NJ House Flipper Indicted After Smashing Phone In Husband's Federal Case Wife Of Notorious NJ House Flipper Indicted After Smashing Phone In Husband's Federal Case
Wife Of Notorious NJ House Flipper Indicted After Smashing Phone In Husband's Federal Case A New Jersey woman has been indicted in a federal case tied to her husband, a notorious house flipper, after she destroyed her cell phone as law enforcement tried to seize it during a fraud investigation, officials announced. Jennifer Iturralde Pina, 43, of Franklin Lakes, was indicted on a charge of destruction of records in a federal investigation, U.S. Attorney Alina Habba announced Thursday, July 3. The case stems from a federal investigation involving her husband, Cesar Humberto Pina, 45 — a real estate influencer better known as “Flipping NJ.” Pina gained national attention through r…

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by Cecilia Levine
Sports
Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ
Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ A pickleball company owner accused of running a Ponzi-like scheme won't be able to walk away from more than $47 million in unpaid debts, authorities said. Rodney Grubbs agreed to waive his right to bankruptcy discharge, the Department of Justice announced on Wednesday, June 11. Grubbs was the owner of Indiana-based All About Pickleball LLC, also known as Pickleball Rocks. Creditors can continue to go after him for repayment, even after his bankruptcy case is closed. "The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy …

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by Chris Spiker
News
Seen Her? Woman Behind Alleged $4B Ponzi-Style Scheme Among FBI's Top 10 Most Wanted Seen Her? Woman Behind Alleged $4B Ponzi-Style Scheme Among FBI's Top 10 Most Wanted
Seen Her? Woman Behind Alleged $4B Ponzi-Style Scheme Among FBI's Top 10 Most Wanted She promised the next Bitcoin. What investors got instead was a $4 billion black hole—and a fugitive who hasn’t been seen since 2017. Ruja Ignatova, the woman once known as the “Cryptoqueen,” remains one of the world’s most elusive fugitives and is currently on the FBI’s 10 Most Wanted list.  The founder of the fraudulent cryptocurrency OneCoin, Ignatova is accused of orchestrating a massive Ponzi-style scheme that duped investors around the globe out of billions. Authorities say the scam began in 2014, when Ignatova launched OneCoin Ltd., a Bulgaria-based company that marketed itself…

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by Joe Lombardi
News
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says $4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,000 people worldwide for nearly 94 percent of their losses. The DOJ says  its 10th and final distribution from the Madoff Victim Fund (MVF), provided more than $131 million to over 23,000 victims. The latest distribution marks the culmination of a decade-long effort to recover and return forfeited funds tied to Madoff's fraudulent investment empire. Most victims, primarily small inv…

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by Joe Lombardi
News
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Thousands of Bernie Madoff’s Ponzi scheme victims will be receiving their portions of the latest distribution of more than $370 million. US Attorney for the Southern District of New York Damian Williams announced that the Madoff Victim Fund will be distributing approximately $372 million to 40,000 victims worldwide who were involved in the fraud scheme. Earlier Report: Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions To date, approximately $4 billion has been distributed to Madoff’s victims. Williams said that this eighth payment will bring the victims’ total re…

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by Michael Mashburn
Police & Fire
Decomposed Body Found In Connecticut Home ID'd As Ponzi Swindler, Jeffrey Epstein Mentor Decomposed Body Found In Connecticut Home ID'd As Ponzi Swindler, Jeffrey Epstein Mentor
Decomposed Body Found In Connecticut Home ID'd As Ponzi Swindler, Jeffrey Epstein Mentor A body found in a Connecticut home during a welfare check has positively been identified as Steven Hoffenberg, a longtime mentor of Jeffrey Epstein. Hoffenberg, the one-time owner of the New York Post and businessman who spent 18 years in prison for a $460 million Ponzi scheme, was found in the New Haven County home around 8 p.m. on Tuesday, Aug. 23, in the city of Derby. According to the Derby Police, the medical examiner's office confirmed on Friday, Aug. 26, that the badly decomposed body was that of Hoffenberg.  An initial autopsy did not find signs of trauma on the body, the…

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by Kathy Reakes
News
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims 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