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$9.5 Million Fraud: Glen Cove Man Admits Using Fake Companies In Scheme $9.5 Million Fraud: Glen Cove Man Admits Using Fake Companies In Scheme
$9.5 Million Fraud: Glen Cove Man Admits Using Fake Companies In Scheme A Long Island man who is accused of using fake businesses to defraud over $9 million from federal disaster relief funds has pleaded guilty, authorities announced. On Friday, July 14, the Eastern District of New York (EDNY) of the US Attorney’s Office announced Rami Saab’s guilty plea to charges of conspiracy to commit wire fraud. Saab, a 44-year-old from Glen Cove, was accused of stealing $9.5 million from banks and the Small Business Association (SBA) over the course of one year by creating fake companies so that he could claim COVID-19 relief loans. According to the charges, between M…

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by Sophie Grieser
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Four From Nassau Nabbed For $8.4M Fraud, Money Laundering Scheme, Feds Say Four From Nassau Nabbed For $8.4M Fraud, Money Laundering Scheme, Feds Say
Four From Nassau Nabbed For $8.4M Fraud, Money Laundering Scheme, Feds Say Four Long Island residents are among five New Yorkers facing charges for a multi-million dollar “boiler room” fraud and money laundering scheme, federal officials announced. US Attorney Damian Williams announced that five suspects are facing a host of charges for their alleged roles in the $8.4 million scheme to defraud investors around the world and launder the proceeds from the scheme. Those charged: Lenard Booth, also known as “Trevor Nicholas,” age 68, of Brooklyn; Michael D’Urso, age 54, of Glen Cove; Alyssa D’Urso, age 28, of Glen Cove; Jay Garnock, age 75, of Glen Cove; Antonella…

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by Zak Failla