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Tag: Conspiracy to commit wire fraud
$12M Fraud: Long Island Man Cons Developers To Buy Luxury Cars, Yachts, Feds Say
A New York man is among two people facing federal charges for allegedly conning commercial developers out of millions of dollars to fund a lavish lifestyle.
Long Island resident Joseph Malvasio, age 65, of Bridgehampton and Fort Lauderdale, Florida, is named in an indictment unsealed by the US Attorney’s Office in the Southern District on Thursday, Aug. 10.
According to prosecutors, Malvasio conspired with 57-year-old Gregg Marcus, of Bay Harbor Islands, Florida, to run an advance-fee scheme through their business, Global Capital Partners Fund LLC.
The duo falsely claimed that the company …
Twins Trick Clients Out Of $5 Million In Great Neck Investment Advising Fraud, Feds Say
A pair of twin brothers and investment advisors are facing 20 years in prison after allegedly defrauding clients out of millions.
The brothers, Adam and Daniel Kaplan, both age 34 and hailing from Great Neck, were indicted on charges of wire fraud, money laundering, and more, the US District Attorney’s Eastern District of New York announced on Tuesday, July 25.
Adam and Daniel, between May 2018 and November 2022, took on hundreds of clients as investment advisors from New York all the way to Arizona, according to the indictment and public records.
During that time, the brothers used thei…
