Fog/Mist 44°
Tag:

United States Attorney for the Eastern District of New York

News
Former Sales Chief Of NY Mortgage Lender Sentenced For $8.9M Fraud Scheme Former Sales Chief Of NY Mortgage Lender Sentenced For $8.9M Fraud Scheme
Former Sales Chief Of NY Mortgage Lender Sentenced For $8.9M Fraud Scheme The former co-owner and executive at a New York mortgage lender has been sentenced for an $8.9 million fraud scheme, federal authorities announced. Long Island resident Edward E. Bohm, age 44, of Smithtown, formerly the president of Sales and part-owner of mortgage lender Vanguard Funding, LLC, based in Garden City, was sentenced on Tuesday, Aug. 30 at the federal courthouse in Central Islip to two years in prison. Bohm was also ordered to pay $3,488,615.42 in restitution and $1,500,000 in criminal forfeiture.  In February 2019, Bohm pleaded guilty to conspiring to …

SHARE

by Joe Lombardi
News
NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients
NY Financial Advisor Accused Of Misappropriating More Than $1M From Client, Prospective Clients A former registered investment adviser and founder of a New York financial advisory firm has been charged with fraud and money laundering. An indictment was unsealed on Monday, Dec. 6 in federal court in Central Islip charging Long Island resident Jeffrey Slothower, of Suffolk County, with wire fraud, investment adviser fraud, and money laundering in connection with a scheme to misappropriate more than $1 million from current and prospective clients. Slothower was arrested earlier in the day at his home in Southampton. “As alleged, Slothower executed a calculated scheme in which he repeate…

SHARE

by Joe Lombardi
News
COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items COVID-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items
Covid-19: NY Doctor Admits To Using $3M In Fraudulently Obtained Loans To Purchase Luxury Items A New York doctor has admitted to using more than $3 million in fraudulently obtained small business loans to purchase a yacht and other luxury items, federal authorities announced. Long Island resident Konstantino Zarkadas, a Nassau County-based medical doctor in Glen Cove, pleaded guilty to disaster relief fraud and wire fraud in connection with his receipt of millions of dollars in small business loans under the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDLP) on Friday, Nov. 12 in Central Islip. When sentenced, Zarkadas faces up to 30 years in pri…

SHARE

by Joe Lombardi
News
NY Man Admits To Running $200M Ponzi Scheme In Region NY Man Admits To Running $200M Ponzi Scheme In Region
NY Man Admits To Running $200M Ponzi Scheme In Region A 53-year-old man has admitted to running a $200 million Ponzi scheme in New York based on false statements to investors about inflated returns for nonexistent wholesale jewelry deals, federal authorities announced on Wednesday, Dec. 30. Long Island resident Gregory Altieri, 53, pleaded guilty to wire fraud for running the scheme.  As part of the plea, Altieri, of Melville in Suffolk County, also admitted to committing securities fraud in connection with the scheme.  When sentenced, Altieri faces up to 20 years in prison.  “With today’s guilty plea, Altieri is hel…

SHARE

by Joe Lombardi
News
Stony Brook University Professor Arrested For Using Cancer Research Funds For Personal Use Stony Brook University Professor Arrested For Using Cancer Research Funds For Personal Use
Stony Brook University Professor Arrested For Using Cancer Research Funds For Personal Use An associate professor at Stony Brook University has been arrested for allegedly stealing state and federal funding meant for cancer research for his own use, federal authorities say. Geoffrey Girnun, 48, of Woodmere, an associate professor in the Department of Pathology and director of Cancer Metabolomics at the Renaissance School of Medicine at the university was charged on Thursday, Sept. 12, in a seven-count indictment, said the United States Attorney for the Eastern District of New York. Girnun was charged with theft of state and federal government funds, wire fraud…

SHARE

by Kathy Reakes
News
Former Building Inspector From Westchester Sentenced To Prison Former Building Inspector From Westchester Sentenced To Prison
Former Building Inspector From Westchester Sentenced To Prison A 55-year-old former buildings inspector from Westchester has been sentenced to more than a year in prison after pleading guilty to conspiring to commit extortion last year. Massimo Dabusco of Yorktown, who worked as a New York City Department of Buildings inspector, was sentenced to a term of 18 months in federal prison this week following the guilty plea last May. According to officials from the United State’s Attorney’s Office in the Eastern District of New York, Dabusco, was as a silent partner to Vito Menadi at A&G Contracting Group, a demolition and excavation company. While work…

SHARE

by Zak Failla