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NY Personal Pilot To Billionaire Investor Admits Role In Insider Trading Scheme
A private pilot from New York has admitted to taking part in an insider trading scheme involving his billionaire boss.
Albany County resident Patrick O’Connor, age 67, of Preston-Potter Hollow, pleaded guilty to securities fraud in Albany federal court on Monday, Feb. 26.
O’Connor worked as a personal pilot to billionaire Joseph Lewis, a British businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization.
According to prosecutors, Lewis, age 87, was regularly given material, non-public information about various companies for …
$30M Insider Trading Case: Hudson Valley Duo Profited From Pharmaceutical Merger Info, Feds Say
Four men from New York and Massachusetts, including a police chief, are accused of making millions of dollars through an insider trading scheme involving one pharmaceutical company’s acquisition of another.
The case, announced by the US Attorney’s Office in the Southern District of New York on Thursday, June 29, is one of four separate insider trading cases that reportedly generated a combined $30 million for those involved.
Named in the case are:
Shawn Cronin, age 43, of Dighton in Bristol County, Massachusetts and chief of the Dighton Police Department
Joseph Dupont, age 44, of Rehoboth…
Hudson Valley Man, Partner Sentenced For Roles In $1M Ponzi Scheme
A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme.
White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation.
On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced.
As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …
Five NYers Nabbed For $8.4 Million Fraud, Money Laundering Scheme, Feds Says
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…
Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
Hudson Valley Man Nabbed For Role In Decade-Long $1M Ponzi Scheme
A Westchester County man was arrested this week for his role in a near decade-long Ponzi scheme that defrauded investors in New York and other parts of the country out of more than $1 million.
White Plains resident James Doyle, 72, and Carl Carro, 59, of Walton, Delaware, the purported managing directors of headhunting companies Endeavor Management Solutions and Endeavor Consultancy, have been charged in a 42-count indictment for their roles in the schema.
Specifically, the two were charged with multiple counts of money laundering, grand larceny, securities fraud, and scheme to defraud.
Ne…
Hudson Valley Financial Advisor Accused Of Embezzling $640K From Clients
A financial advisor from Westchester has been accused of embezzling more than $640,000 from clients.
Gregg Brie, of White Plains, was arrested on Thursday morning, Oct. 1 and charged with securities fraud and wire fraud, Audrey Strauss, the acting 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 Federal Bureau of Investigation announced.
“As alleged, Gregg Brie stole money so he could live a lavish lifestyle," Strauss said. "This office is committed to rooting out fraudule…
Ex-Ramapo Supervisor Christopher St. Lawrence Transferred To Halfway House From Prison
Former Ramapo town Supervisor Christopher St. Lawrence, who was sentenced to 2 1/2 years in prison on fraud and other charges, has been moved from a Pennsylvania prison into a halfway house.
St. Lawrence, 69, was recently transferred from the Federal Prison Camp Canaan, in Waymart, Pennsylvania, to an unnamed residential reentry center, according to the Federal Bureau of Prisons' public information office.
Ramapo's supervisor from 2000 to May 2016, St. Lawrence was convicted of 20 counts of securities fraud and conspiracy on May 19, 2017, following a four-week trial in federal …
College Controller From Rockland Sentenced, Must Repay Millions For Fraud
The former controller at the College of New Rochelle will spend time behind bars and repay millions after admitting to doctoring the school’s books by nearly $34 million dollars, forcing the 115-year-old institution to close its doors.
Keith Borge, 62, of Valley Cottage, has been sentenced to three years in prison, $25,000 in fines and will pay restitution that reaches as much as $13.2 million after pleading guilty securities fraud and failure to pay $20.4 million in payroll taxes.
As part of the plea, Borge, a resident of Valley Cottage in Rockland County, admitted to filing fina…
Hudson Valley Native, Ousted Radio Host Carton Sentenced For Ponzi Scheme
This story has been updated.
Westchester native and former radio/TV sports talk star Craig Carton was sentenced by a Manhattan federal judge for running a ticket-resale Ponzi scheme.
Carton, who grew up in New Rochelle, was ordered on Friday, April 5 to serve 42 months in prison.
In addition to the prison term, he was sentenced to three years of supervised release and ordered to pay $4,835,186.56 in restitution and to forfeit $4,590,000.
In a plea for leniency, the 50-year-old Carton, who co-host WFAN's “Boomer and Carton” morning show for a decade alongside retired NFL qua…
Four Sentenced For Elaborate Insider Trading Scheme At Manhattan Hedge Fund
A Fairfield County resident was among four men sentenced for an elaborate insider trading scheme that net a Manhattan hedge fund millions of dollars in profit.
For five years, 42-year-old David Blaszczak, a political intelligence consultant from Isle of Palms, South Carolina, was able to obtain confidential, non-public information from members of Centers for Medicine and Medicaid Services - including Christopher Worrall, 40, of Linthicum Heights, Maryland, who was a government employee there, according to Robert Khuzami, the Attorney for the Southern District of New York.
Blaszczak then pr…
New York Congressman Arrested On Insider Trading Charges
A Republican Congressman from New York has been indicted on charges that claim he used insider information about a biotechnology company to make stock trades.
Chris Collins, who represents a district in western New York was charged - along with his son, Cameron and Cameron's fiancée's father, Stephen Zarsky - with a host of charges, including conspiracy, securities fraud, wire fraud, and making false statements to the FBI, according to an indictment released on Wednesday.
Collins, 68, had been under investigation by the Office of Congressional Ethics for his connection to Innate Immunothera…
