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Westchester 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 …
Decomposed Body Found In Connecticut Home ID'd As Ponzi Swindler, Jeffrey Epstein Mentor
A body found in a Connecticut home during a welfare check has positively been identified as Steven Hoffenberg, a longtime mentor of Jeffrey Epstein.
Hoffenberg, the one-time owner of the New York Post and businessman who spent 18 years in prison for a $460 million Ponzi scheme, was found in the New Haven County home around 8 p.m. on Tuesday, Aug. 23, in the city of Derby.
According to the Derby Police, the medical examiner's office confirmed on Friday, Aug. 26, that the badly decomposed body was that of Hoffenberg.
An initial autopsy did not find signs of trauma on the body, the…
Hudson Valley Man Convicted For Running Multimillion-Dollar Ponzi, Embezzlement Schemes
A Hudson Valley man has been convicted for operating a multimillion-dollar investment club that was actually a Ponzi scheme.
Rockland County resident Ruless Pierre, age 51, of Nanuet, was convicted in Manhattan federal court of securities fraud, wire fraud, and structuring charges on Thursday, May 27.
According to the allegations contained in the complaint, indictment, and the evidence presented at trial:
From at least November 2016 through October 2019, Pierre solicited money from investors of Ruless Pierre Consulting Group by falsely promising them that he would earn a 20 percent return…
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…
Westchester Native Craig Carton Returns To Wfan After Serving Time In Prison For Ponzi Scheme
Westchester native Craig Carton is back in the WFAN booth more than three years after he was last on the air following a conviction for operating a Ponzi scheme.
Carton, who grew up in New Rochelle, was ordered to spend 42 months in prison last April, three years of supervised release, ordered to pay $4,835,186.56 in restitution, and to forfeit $4,590,000 for running a Ponzi scheme that purportedly covered his gambling debts.
On Thursday, Oct. 29, after 1,150 days off the air, Carton was back on WFAN in the afternoon drive, making a solo guest spot during the last hour on what will be his f…
Wfan May Welcome Back Westchester's Craig Carton After Prison Stint, Reports Say
Could disgraced WFAN sports radio talking head Craig Carton make a return to the station after serving out his jail sentence for operating a Ponzi scheme?
The Westchester native is reportedly on the radar of WFAN higher-ups after “ally” Chris Oliviero was hired in May to run WFAN as Entercom’s senior vice president and market manager.
Last April, Carton, who grew up in New Rochelle, was ordered to spend 42 months in prison, three years of supervised release, and ordered to pay $4,835,186.56 in restitution and to forfeit $4,590,000 for running the Ponzi scheme that reportedly covered his g…
Ex-ceo, 33, Fined $9 Million, Sentenced To Prison For Digital Currency Ponzi Scheme
The former CEO of a virtual currency company is heading to prison and must pay more than $9 million in restitution for his role in his companies’ purported generation and sale of virtual currency that devolved into a Ponzi Scheme.
Josh Garza, 33, formerly of Somers, Connecticut, was sentenced in Hartford District Court to a term of 21 months in prison, followed by three years of supervised release, the first six months of which he will have to spend in home confinement for his role in the multi-million dollar scheme.
According to court documents and statements made in court, “virtual curren…
