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$1.5M Fraud: Hudson Valley Man Lied To Investors About Being Licensed Broker, Feds Say $1.5M Fraud: Hudson Valley Man Lied To Investors About Being Licensed Broker, Feds Say
$1.5M Fraud: Hudson Valley Man Lied To Investors About Being Licensed Broker, Feds Say A Hudson Valley man faces up to 20 years in prison for allegedly lying to investors that he was a licensed investment broker and making off with more than $1.5 million of his customer's cash.  Rockland County resident Jeffrey Tognetti Jr., age 26, of Piermont, was charged on Thursday, Aug. 31 with wire fraud, said Damian Williams, the US Attorney for the Southern District of New York. As alleged in public court proceedings in White Plains feral court, Tognetti ran a scheme that solicited and obtained funds from victims based on the misrepresentations that, among other things,…

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by Kathy Reakes
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$10M Fraud Scheme: NY Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say $10M Fraud Scheme: NY Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say
$10M Fraud Scheme: NY Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say A New York father and son are accused of conning investors out of millions of dollars that allegedly went toward funding their lavish lifestyle. Long Island residents Eugene Austin, age 60, of Port Jefferson, and his son Brandon Austin, age 27, of Coram, are named in an indictment that was unsealed in Manhattan federal court on Wednesday, July 12. According to prosecutors, the men fraudulently offered to serve as a broker for sales of large quantities of cryptocurrency at below-market exchange rates and provide short-term investments in cryptocurrency for purportedly high returns. They als…

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by Michael Mashburn
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Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors
Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors A New York man admitted to committing fraud and has agreed to forfeit to the US government hundreds of millions of dollars he's accused of racking up from tens of thousands of investors until his arrest less than a year ago. Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and foreign exchange trading platform called EminiFX, solicited more than $248 million after making false representations in connection with the EminiFX trading platform, the Southern District of New York, announced on Friday, Feb. 10. According to the allegations in …

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by Joe Lombardi
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'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance 'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance
'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance A woman charged in New York with stealing billions of dollars from investors around the world may have changed her appearance and be traveling with armed guards, according to federal agents.  Bulgaria native Ruja Ignatova, age 42, has been placed on the Federal Bureau of Investigation's Ten Most Wanted Fugitive List for participating in a fake cryptocurrency scheme that defrauded victims of more than $4 billion in total.  The scheme began in 2014 when Ignatova founded OneCoin Ltd., a Bulgaria-based company that marketed a fake cryptocurrency to investors. To solicit funds, she would make f…

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by Ben Crnic
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NY CEO Charged In $59M Cryptocurrency Scheme NY CEO Charged In $59M Cryptocurrency Scheme
NY CEO Charged In $59M Cryptocurrency Scheme A CEO from New York is facing charges for his role in a $59 million cryptocurrency scheme where he touted phony technology to garner additional funding, federal officials announced.  Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and forex trading platform called EminiFX, has been charged with commodities fraud and wire fraud offenses, according to US Attorney Damian Williams. It is alleged that Alexandre solicited more than $59 million in investments from hundreds of individual investors after making false representations in con…

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by Zak Failla
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Hudson Valley Man Among Four Charged In $40M Scam Hudson Valley Man Among Four Charged In $40M Scam
Hudson Valley Man Among Four Charged In $40M Scam A Hudson Valley man was among four charged in an 11-count indictment for allegedly stealing more than $40 million in investor funds as part of a cryptocurrency scam, federal authorities announced. On Tuesday, March 8, US Attorney Breon Peace announced that four owners and operators of online cryptocurrency companies - including one from Dutchess County - are facing a host of charges for allegedly running a sophisticated scheme to steal from investors and later attempting to obstruct justice as they were being investigated. Those charged, according to the US Attorney’s Office: Gregory Agg…

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by Zak Failla
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COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn
Covid-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn With the United States crossing a grim milestone as the COVID-19 death toll topped 500,000, utility companies are cautioning about new scams that have arisen in the past year as opportunistic fraudsters look to take advantage of the pandemic. Utility companies across the country have issued alerts regarding new scams as they seek to allow their customers to protect themselves from scammers exploiting the COVID-19 outbreak. According to officials, one of the largest threats involves scammers aggressively threatening to disconnect service, claiming that bills are past due, unless a payment is…

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by Zak Failla
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Bitcoin Scammers Claim To Have Compromising Videos Of Victims Bitcoin Scammers Claim To Have Compromising Videos Of Victims
Bitcoin Scammers Claim To Have Compromising Videos Of Victims Bitcoin scammers have been threatening to expose sensitive videos of their victims if they are not paid off. Fraudsters have been sending spam emails that allege they have recorded video of “you getting yourself off,” which they threaten to expose if they are not paid off. The emails claim that the scammer is from out of the country, and cannot be targeted by local law enforcement. Related story - COVID-19: Cybercriminals Using New Sextortion Tactics Amid Pandemic Scammers allege that based on their potential victims’ visiting “bad” websites that infected computers with malware, they now …

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by Zak Failla
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NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website
NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website Men from Connecticut and New York are among those charged in the takedown of the largest Darknet child pornography website. Jong Woo Son, 23, a South Korean national, was indicted this week for his operation of Welcome To Video, the largest child exploitation market by volume of content, officials said. Son has also been charged and convicted in South Korea and is currently in custody serving his sentence in South Korea.   An additional 337 site users residing in Alabama, Arkansas, California, Connecticut, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Nebraska, New Jers…

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by Zak Failla
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Hundreds Of Bomb Threats Sent To Schools, Businesses In Area, Nation Hundreds Of Bomb Threats Sent To Schools, Businesses In Area, Nation
Hundreds Of Bomb Threats Sent To Schools, Businesses In Area, Nation Fear and panic spread across the country on Thursday, as a bomb threat asking for thousands of dollars in bitcoin payment made the rounds through a series of emails. Law enforcement officials are investigating hundreds of bomb threats that targeted schools and businesses nationwide on Thursday, Dec. 13, including several in New York and Connecticut. According to reports, multiple Hudson Valley businesses were targeted and those threats were also deemed not credible. “Please be advised - there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email…

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by Zak Failla