Mostly Cloudy 73°
Tag:

Matthew Eckstein

News
Syosset Man Sentenced For Role In $12 Million Ponzi Scheme Targeting Nearly 50 Victims Syosset Man Sentenced For Role In $12 Million Ponzi Scheme Targeting Nearly 50 Victims
Syosset Man Sentenced For Role In $12 Million Ponzi Scheme Targeting Nearly 50 Victims A New York man was sentenced for his role in a $12 million Ponzi scheme that targeted nearly 50 victims from throughout the region and the nation between 2015 and 2017. Long Island resident Matthew Eckstein, age 52, of Syosset, was sentenced on Monday, July 11 to three-and-a-half to 10-and-a-half years in prison. Eckstein originally pleaded guilty to the charges on September 26, 2019, but later withdrew his plea. A new indictment was secured in August 2020, but court closures related to the COVID-19 pandemic further delayed the case. “This defendant preyed upon seniors and hard-working men…

SHARE

by Joe Lombardi
News
LI Ponzi Scheme Victims Getting $5 Million Back LI Ponzi Scheme Victims Getting $5 Million Back
LI Ponzi Scheme Victims Getting $5 Million Back The investors in a multi-million dollar Ponzi scheme run in part by a Long Island scammer have received millions in restitution. Nassau County District Attorney Madeline Singas announced that 48 victims of Pennsylvania’s Kevin Brody and Syosset resident Matthew Eckstein - who were arrested last year for their role in the scheme - received restitution checks that totaled approximately $4.6 million. Last year, it was determined that Eckstein and Brody scammed a total of $12 million from 50 people - many of whom were senior citizens - while acting as financial advisers. In reality, the money t…

SHARE

by Zak Failla