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Financial Crime

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$1.4M Fraudulent Bank Loan Scheme: Rockland County Man Sentenced $1.4M Fraudulent Bank Loan Scheme: Rockland County Man Sentenced
$1.4M Fraudulent Bank Loan Scheme: Rockland County Man Sentenced A Hudson Valley man has been sentenced to prison in connection with a scheme to obtain a fraudulent $1.4 million loan from Park Avenue Bank. Rockland County resident Mendel Zilberberg, age 65, of Monsey, was sentenced on Wednesday, March 19 following a one-week trial. According to court documents, Zilberberg, who was a member of the bank's board of directors at the time of the offense, conspired with others, including Aron Fried, to obtain a fraudulent loan using a "star borrower" to make the loan application.  The straw borrower applied for a $1.4 million loan from the Bank base…

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by Kathy Reakes
News
$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud $65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud
$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud A former bond trader and hedge fund manager in New York could spend decades in federal prison for defrauding his friends and lending institutions out of over $65 million. Nassau County resident Jeffrey Parket, age 59, of Great Neck, pleaded guilty to wire fraud and bank fraud in federal court in Manhattan on Wednesday, Feb. 15. According to the US Attorney’s Office in the Southern District, Parket swindled his victims out of millions of dollars between 2016 and December 2021 by lying about his financial condition and pledging fake collateral in order to obtain short-term loans. He claime…

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by Michael Mashburn
Police & Fire
NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say
NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say A New York woman is accused of stealing more than $1 million from an elderly man who entrusted her with his finances. Fulton County resident Gladys Griffith, age 49, of Perth, was arrested Thursday, Oct. 6, following an investigation by the Fulton County Sheriff’s Office. The first signs of potential wrongdoing surfaced in July 2022, when deputies were asked to do a welfare check on the victim following several suspicious transfers and withdrawals from his bank account, police said. That triggered a joint investigation consisting of several agencies, including the sheriff’s office, New Yo…

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by Michael Mashburn
Police & Fire
Woman Accused Of Stealing From Her Care Recipient In Hudson Valley Woman Accused Of Stealing From Her Care Recipient In Hudson Valley
Woman Accused Of Stealing From Her Care Recipient In Hudson Valley A Hudson Valley woman was nabbed for alleged identity theft of the person she care for after her financial institution tipped off police. Dutchess County resident Brandy Lee, age 35, of Hyde Park, was arrested on Tuesday, June 28, by the New York State Police in conjunction with the Westchester County District Attorney’s Office. Following a tip from a financial institution investigation in conjunction with the Westchester County District Attorney’s Office determined Lee, while employed as the victim’s caretaker, impersonated and stole from the victim for her own financial gain, said Trooper…

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by Kathy Reakes
News
Hudson Valley Man Charged With Stealing $165K In Investment Scam, Police Say Hudson Valley Man Charged With Stealing $165K In Investment Scam, Police Say
Hudson Valley Man Charged With Stealing $165K In Investment Scam, Police Say A Hudson Valley man has been charged with grand larceny for allegedly stealing more than $165,000 from investors while working for an investment company. Dutchess County resident Todd Sims, age 49, of LaGrange, was arrested on Tuesday, March 29, by New York State Police in collaboration with the Dutchess County District Attorney’s Office. An investigation determined Sims stole more than $165,000 using an investment company business under the name of Horizon Holdings NY, said Trooper AJ Hicks. Additionally, Sims was previously arrested in October of 2021 for grand larceny relative to a simi…

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by Kathy Reakes
News
NY Man Indicted In $700,000 Investment Scheme NY Man Indicted In $700,000 Investment Scheme
NY Man Indicted In $700,000 Investment Scheme A New York man has been indicted for scamming investors out of more than $700,000, authorities announced. Long Island resident Matthew Gallagher, age 37, of Rocky Point, used various investment schemes to scam 24 victims over a period of about four years, according to an investigation by Suffolk County Police and Suffolk County District Attorney Timothy D. Sini. “We have 24 people here who gave their savings to this defendant with the promise of sound investments only to be lied to and swindled out of their hard-earned money,” Sini said. “He was allegedly selling them on investing in b…

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by Joe Lombardi
Police & Fire
Little League President In Area Accused Of Stealing Thousands Of Dollars From Organization Little League President In Area Accused Of Stealing Thousands Of Dollars From Organization
Little League President In Area Accused Of Stealing Thousands Of Dollars From Organization A Hudson Valley Little league former president has been arrested for allegedly stealing more than $6,000 from the organization. Orange County resident William M. Hinspeter, age 48, of New Windsor, was arrested on Wednesday, Jan. 27, for stealing from the New Windsor Little League organization after a four-month-long investigation by detectives, said New Windsor Deputy Police Chief Michale Farbent. Hinspeter, who formerly served the New Windsor Little League organization as its president, made a series of unauthorized debit card cash withdrawals for his own personal use betwee…

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by Kathy Reakes
News
Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam
Don't Fall For It: Alert Issued For 'Clever' Fake Check Scam Residents in the area are being warned about a new phony check scam that has been making the rounds in the region. There are several variations to the scam, officials said, but the most common involves a resident receiving notice that they won a “sweepstakes” with a faux check or first installment. Other versions involve letters from allegedly foreign countries that require the deposit of cash into a bank account for safekeeping, while others offer “too good to be true” or “work at home” proposals. Authorities said that, “the checks look real, and might have the names of real companies on t…

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by Zak Failla
Lifestyle
New TV Crime Show 'Deadly Rich' Will Spotlight Area Murder Case New TV Crime Show 'Deadly Rich' Will Spotlight Area Murder Case
New TV Crime Show 'Deadly Rich' Will Spotlight Area Murder Case One of the most infamous murder cases in area history will be back in the spotlight as CNBC debuts its newest original series, “Deadly Rich,” which will delve into the notorious murders of Ben Novack, Jr. and his mother Bernice Novack nine years ago. Ben Novack Jr., 52, a convention business owner and heir to the famous Fontainebleau hotel in Miami Beach, was found beaten to death in his hotel suite at the Rye Town Hilton on July 12, 2009. Earlier that year, his 86-year-old mother was attacked and killed at her home in Fort Lauderdale. A year after Novack Jr.'s death, police charged his wif…

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by Zak Failla