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Stock Fraud

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Half-Million Dollar Scheme: Glen Cove Broker Admits Swindling Clients Half-Million Dollar Scheme: Glen Cove Broker Admits Swindling Clients
Half-Million Dollar Scheme: Glen Cove Broker Admits Swindling Clients A barred investment broker from Long Island has been admitted to tricking clients into giving him hundreds of thousands of dollars, which he then used to buy luxury cars, plane tickets, and more. Peter Quartararo, age 57 of Glen Cove, pleaded guilty to his charges of grand larceny and more on Friday, Feb. 9, the Nassau County District Attorney announced. According to the charges against him, Quartararo met with six victims from July 2018 through January 2021 and told them he had access to pre-initial public offering stock (or “pre-IPO”) in companies such as Peloton, WeWork, PetCo, and Ai…

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by Sophie Grieser
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Barred Glen Cove Investment Broker Indicted for $520K Stock Fraud: DA Barred Glen Cove Investment Broker Indicted for $520K Stock Fraud: DA
Barred Glen Cove Investment Broker Indicted for $520K Stock Fraud: DA A barred investment broker has been indicted on charges he stole $520,000 from six investors who believed they were investing in stocks for several high-profile companies. Long Island resident Peter Quartararo, age 57, of Glen Cove, was arraigned Thursday, March 9 on charges of grand larceny, said Nassau County District Attorney Anne Donnelly. “This defendant allegedly tricked investors into believing they were getting in on the ground floor of high-profile companies that were going public," Donnelly said. During the "scheme" which began in July 2018 and continued through January 2021, Qua…

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by Kathy Reakes