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Tag: US Securities and Exchange Commission
Hudson Valley Entrepreneur Admits To Defrauding Investors Of Nearly $1,000,000
An entrepreneur from the area has admitted to defrauding investors of nearly $1 million.
Joseph Cimino, the founder of a tequila brand based in the Hudson Valley, pleaded guilty on Monday, Nov. 15 to securities and wire fraud charges.
As part of the plea, the 57-year-old Cimino, a resident of Warwick in Orange County, admitted fraudulently soliciting investments for his company.
“As he admitted in court today, Joseph Cimino lied about his tequila business’s finances to lure investors and then diverted investor funds in order to line his own pockets," Damian Williams, the US Attor…
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…
