Fog/Mist 52°
Tag:

IRS-Criminal Investigation

News
$6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole $6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
$6.8M Covid-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…

SHARE

by Jerry DeMarco
News
Man Admits Role In NJ/NY Network That Laundered $27M For International Drug Cartels Man Admits Role In NJ/NY Network That Laundered $27M For International Drug Cartels
Man Admits Role In NJ/NY Network That Laundered $27M For International Drug Cartels The takedown of a New Jersey and New York network that laundered more than $27 million for Central and South American drug cartels has produced another guilty plea, federal authorities announced. Gilberto Martinez, 33, formerly of Clifton, "cleaned" more than $1 million himself, both by buying and directing others to buy cashier's checks using drug money, U.S. Attorney Philip R. Sellinger said. Morristown police helped the DEA and IRS crack the case, in which more than 1,000 cashier’s checks were bought, he said. The buyers typically were paid a fee of $150 to $200 for each check…

SHARE

by Jerry DeMarco
News
Conspirator Who Used NJ High School Students To Cash Stolen COVID Stimulus Checks Gets 4 Years Conspirator Who Used NJ High School Students To Cash Stolen COVID Stimulus Checks Gets 4 Years
Conspirator Who Used NJ High School Students To Cash Stolen COVID Stimulus Checks Gets 4 Years One of a nest of criminals who paid New Jersey high school students to cash COVID stimulus checks stolen from the mail was sentenced to four years in federal prison. Because there's no parole in the federal prison system, Jeffrey Bennett, 27, of Irvington, must serve just about all of the plea-bargained sentence rubber-stamped by a U.S. District Court judge in Newark via videoconference on Monday, Feb. 14. Bennett -- a reputed associate of a group called "The Members" -- recruited U.S. Postal Service employees to steal checks, checkbooks, debit cards, and credit cards from the mail in excha…

SHARE

by Jerry DeMarco
News
Feds Charge Baltimore Prosecutor With Lying On COVID Withdrawal, Mortgage Documents Feds Charge Baltimore Prosecutor With Lying On COVID Withdrawal, Mortgage Documents
Feds Charge Baltimore Prosecutor With Lying On COVID Withdrawal, Mortgage Documents A federal grand jury has charged Baltimore's top prosecutor with faking financial hardship on mortgage loan statements for two vacation homes and to make a COVID-related withdrawal from her retirement savings. Baltimore City State's Attorney Marilyn Mosby submitted paperwork for one-time withdrawals of $40,000 and $50,000, respectively, from the City of Baltimore’s Deferred Compensation Plans in May and December 2020, an indictment on file in U.S. District Court alleges. Mosby, 41, of Baltimore, falsely certified -- under penalty of perjury -- that she met at least one of the qual…

SHARE

by Cecilia Levine & Jerry DeMarco