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Tuesday, apr 30
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47°
Tuesday, apr 30
Tag:
Steven Pagartanis
News
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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