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Securities & Exchange Commission

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Orange County Entrepreneur Accused Of Defrauding Investors Of Nearly $1M Orange County Entrepreneur Accused Of Defrauding Investors Of Nearly $1M
Orange County Entrepreneur Accused Of Defrauding Investors Of Nearly $1M An entrepreneur from the Hudson Valley has been accused by federal authorities of defrauding investors of nearly $1 million. Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the FBI announced that Joseph Cimino, the founder of an Orange County-based tequila company, was arrested Tuesday morning, Feb. 17, and charged with securities fraud and wire fraud arising out of his fraudulent solicitation of investments for the company.  Cimino is scheduled to appear in Wh…

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by Joe Lombardi
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Area Financial Adviser Admits To Stealing $11.5M From Clients Area Financial Adviser Admits To Stealing $11.5M From Clients
Area Financial Adviser Admits To Stealing $11.5M From Clients Hector May, a prominent investment adviser, has pleaded guilty to federal charges to participating in a conspiracy to defraud clients in the area out of more than $11 million. May, 77, of Orangeburg in Rockland County,  the president of Executive Compensation Planners in New York City, admitted stealing the money with the help of an unindicted co-conspirator, said Geoffrey S. Berman, the U.S. Attorney for the Southern District of New York announced on Thursday. He pleaded guilty to one count of conspiracy to commit wire fraud before U.S. Magistrate Judge Judith C. McCarthy in…

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by Kathy Reakes