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Southern District of Texas

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Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds
Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds A social media influencer from Hoboken and seven other men were charged with running a $114 million "pump and dump" stock scheme. Mitchell Hennessey, 24, used his extensive social media following to hype interest in particular securities by posting false and misleading information on Twitter and Discord, according to prosecutors in the Southern District of Texas. The influencers and self-proclaimed traders artificially inflated the prices of the securities by hyping them up on their platforms, only to "dump" them after the fact, prosecutors said.From in or around January 2020 to in or arou…

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by Annie DeVoe
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Feds Praise Leonia PD After Ringleader Of International Call-Center Phone Scam Gets 20 Years Feds Praise Leonia PD After Ringleader Of International Call-Center Phone Scam Gets 20 Years
Feds Praise Leonia PD After Ringleader Of International Call-Center Phone Scam Gets 20 Years A worldwide investigation that produced a 20-year federal prison sentence for an Indian national who ran call centers that defrauded Americans across the U.S. out of millions of dollars got a huge boost from police in Leonia. Leonia Detective Michael Jennings, in particular, did legwork that helped federal authorities eventually identify Hitesh Madhubhai Patel, 44, as the ringleader of the transnational scheme. For that reason, police in the Bergen County borough near the George Washington Bridge got a shout-out from the U.S. Department of Justice on Monday. It began in 2015 when Jennings …

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by Jerry DeMarco