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COVID-19: Ex-Court Officer From Valley Stream Sentenced For $770K Loan Fraud Scheme COVID-19: Ex-Court Officer From Valley Stream Sentenced For $770K Loan Fraud Scheme
Covid-19: Ex-Court Officer From Valley Stream Sentenced For $770K Loan Fraud Scheme Two former government employees from Long Island will spend more than a year in federal lockup for defrauding loan programs meant to help businesses impacted by the COVID-19 pandemic. Arthur Cornwall, age 43, of Babylon, and Sean Williams, age 42, of Valley Stream, were each sentenced to 18 months in prison in Central Islip federal court on Wednesday, March 20, after pleading guilty to wire fraud. Prosecutors said Cornwall, a former signal maintainer with the New York City Transit Authority, and Williams, a former New York State Court officer, received nearly $770,000 in small business loan…

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by Michael Mashburn
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Illegal Dumpers Seen Flipping Off Witness At Long Island Wetlands Get Fitting Punishment Illegal Dumpers Seen Flipping Off Witness At Long Island Wetlands Get Fitting Punishment
Illegal Dumpers Seen Flipping Off Witness At Long Island Wetlands Get Fitting Punishment A Long Island couple will avoid jail time in lieu of a more creative punishment after they were busted dumping their junk in protected wetlands. Husband and wife Fabio and Judith Monasterolo, both of Holbrook, pleaded guilty to criminal mischief in Suffolk County Court on Monday, Oct. 16, for illegally dumping cinder blocks and concrete near tidal wetlands in Brookhaven. According to prosecutors, Mr. and Mrs. Monasterolo, ages 51 and 55, respectively, were photographed dumping items from their pickup truck into the wetlands near Jefferson Drive and Grove Road in Mastic Beach in April 2023.…

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by Michael Mashburn
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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…

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by Joe Lombardi
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NY To Have $110M In Student Debt Canceled As Part Of $1.85B Settlement NY To Have $110M In Student Debt Canceled As Part Of $1.85B Settlement
NY To Have $110M In Student Debt Canceled As Part Of $1.85B Settlement New Yorkers will have millions of dollars in debt canceled after one of the nation’s largest student loan services agreed to relieve $1.85 billion in loan debt as part of a multi-state agreement, authorities announced. Navient, the target of a bipartisan coalition of 39 attorneys general agreed to cancel $1.7 billion in private student loan debt and offered $95 million in restitution for thousands of students nationwide following an investigation into the company's business practices. New York Attorney General Letitia James announced the agreement on Thursday, Jan. 13, which will include mo…

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by Zak Failla
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Nationally Known Westchester Restaurant Owner Sentenced For Not Paying Taxes Nationally Known Westchester Restaurant Owner Sentenced For Not Paying Taxes
Nationally Known Westchester Restaurant Owner Sentenced For Not Paying Taxes A nationally known celebrity chef known as “Lord of the Pies” who owns restaurants in Westchester and Fairfield counties will spend time behind bars after admitting to not paying taxes. Bruno DiFabio, age 51, of Ridgefield, was sentenced on Thursday, May 6 to 30 days in prison, followed by three years of supervised release after pleading guilty to a federal tax offense in 2018. Specifically, DiFabio pleaded guilty to one count of conspiracy to file false income tax returns and payroll tax returns.  Currently, DiFabio has ownership interests in several pizza restaurants in Connecticut …

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by Zak Failla
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Nassau Business Owner Admits To $8M Tax Fraud Nassau Business Owner Admits To $8M Tax Fraud
Nassau Business Owner Admits To $8M Tax Fraud Two Long Island auto shops and their owner have been convicted of underreporting more than $8 million in taxable sales over the course of a decade, authorities said. New York Attorney General Letitia James announced on Friday, March 26 that Freeport resident Luis Crespo, the owner of Broadway Towing, Inc. and Broadway Auto & Towing, Inc. pleaded guilty to criminal tax fraud for failing to pay more than $700,000 in sales tax. Crespo, 53, also pleaded guilty to petit larceny and agreed to pay the state more than $900,000 in restitution. James said that between 2009 and 2018, a joint inve…

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by Zak Failla
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Disbarred LI Attorney Sentenced For Using Stolen Funds To Pay Restitution On Prior Case Disbarred LI Attorney Sentenced For Using Stolen Funds To Pay Restitution On Prior Case
Disbarred LI Attorney Sentenced For Using Stolen Funds To Pay Restitution On Prior Case A disbarred Long Island attorney will spend time behind bars after being sentenced for stealing $675,000 from clients to help pay restitution from a separate case against him where he admitted to stealing nearly $230,000. Manhasset resident Alfred DiGiolomo, Jr., age 65, was sentenced this week to a term of one and one-third to four years in prison after pleading guilty on Dec. 21, 2020, to three counts of grand larceny for defrauding his clients to pay off fees from a previous case. Nassau County District Attorney Madeline Singas said that DiGiolomo stole the $675,000 from two clients and …

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by Zak Failla
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Long Island Attorney Admits To Scheme To Defraud Woman, Must Pay $1M In Restitution Long Island Attorney Admits To Scheme To Defraud Woman, Must Pay $1M In Restitution
Long Island Attorney Admits To Scheme To Defraud Woman, Must Pay $1M In Restitution A Long Island attorney admitted to conspiracy to commit mail and wire fraud in connection with a scheme to defraud the beneficiary of an estate from her inheritance from a wrongful death suit. Vincent J. Trimarco, Jr., of Smithtown, who has been licensed to practice in the state of New York since 1997, pleaded guilty at federal court in Central Islip on Tuesday, Oct. 6. When sentenced, the 51-year-old Trimarco faces up to 20 years in prison. As a part of his plea agreement with the government, Trimarco agreed to pay more than $1 million in restitution. “Trimarco defrauded a young girl of …

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by Joe Lombardi
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Long Island Woman Sentenced For ID Theft, Credit Card Fraud Scheme Long Island Woman Sentenced For ID Theft, Credit Card Fraud Scheme
Long Island Woman Sentenced For ID Theft, Credit Card Fraud Scheme A Long Island woman on supervised release after being convicted of running scams in Kentucky will spend years in prison and was ordered to pay more than a million dollars in restitution for an identity and credit card fraud scheme. Amityville resident Lisa Reid, 47, has been sentenced to 90 months in prison, followed by three years of supervised release after she targeted dozens of victims as part of an elaborate scheme that ran for nearly two years. In addition to her time behind bars, Reid was also ordered to pay $1,009,235.69 in restitution to her victims. U.S. Attorney John Durham said…

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by Zak Failla
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Ex-CEO From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock Ex-CEO From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock
Ex-ceo From Long Island Sentenced For Scheme To Defraud Victims In Sale Of Worthless Stock A former CEO from Long Island will spend time behind bars after admitting to his role in a scheme to defraud the elderly victims in the sale of worthless stock. Hauppauge resident Keith Orlean - also known as “Jack Allen” - was sentenced to 32 months in prison after pleading guilty in Manhattan federal court. Orlean admitted to participating in a scheme targeting elderly persons to solicit purchases of stock using a series of valueless companies through a variety of lies and misrepresentations. For several years, Orlean and his co-conspirators operated a fraudulent scheme in which a salesm…

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by Zak Failla
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Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme
Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme An investment advisor from Long Island will spend more than a decade behind bars for his role in defrauding his elderly victims in a multimillion-dollar scheme, U.S. Attorney Richard Donoghue announced. East Setauket resident Steven Pagartanis, 60, was sentenced to a term of 170 months in prison and ordered to pay more than $6.5 million in restitution after pleading guilty in December to conspiracy to commit mail and wire fraud for orchestrating a securities fraud scheme over the course of 18 years.   “Today’s sentence is a well-deserved reckoning for Pagartanis, who preyed on el…

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by Zak Failla
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Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes
Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes A Long Island man who was operating a hyperbaric oxygen chamber business in Great Neck has admitted to a million-dollar bank loan and credit card fraud scheme involving a parent and child. Marcello Sozio, 62, of Huntington, will face up to 20 years in prison after pleading guilty in Central Islip federal court to wire fraud in connection with a scheme to defraud banks and a customer of his business. As part of his plea, Sozio also agreed to pay approximately $1.1 million in restitution, U.S. Attorney Richard Donoghue announced. Between March 2014 and December 2016, Sozio applied for and ob…

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by Zak Failla
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Long Island Attorney Admits To Conspiracy To Obstruct Federal Proceeding Long Island Attorney Admits To Conspiracy To Obstruct Federal Proceeding
Long Island Attorney Admits To Conspiracy To Obstruct Federal Proceeding A longtime Long Island attorney admitted to his role in helping a client avoid paying millions of dollars in court-ordered restitution. Lawrence resident Mark Weissman, 55, who has been licensed to practice law in New York since 1989, pleaded guilty in Brooklyn federal court to conspiring to obstruct an official proceeding. U.S. Attorney Richard Donoghue said that Weissman engaged in a scheme to impede the enforcement of another person’s obligation to pay millions of dollars in court-ordered restitution to victims in an unrelated securities fraud case. In 2011 and 2012, two people pleaded …

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by Zak Failla