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Scheme to Defraud

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NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced
NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced A former New York investment broker has received a lengthy stay in prison for running a million-dollar Ponzi scheme. Long Island resident Rand Heckler, age 67, of Glen Cove, was sentenced to up to seven-and-a-half years in prison on Wednesday, May 15, the Nassau County District Attorney (NCDA) announced. Heckler was an investment broker in 2015 when he began his scheme, recommending that his friend and his friend’s son that they invest in a hedge fund of stocks and securities that Heckler was managing. Original Story - $1 Million Ponzi Scheme: Glen Cove Investment Broker Pleads …

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by Sophie Grieser
News
Hudson Valley Business Owner Sentenced For Stealing From Clients Hudson Valley Business Owner Sentenced For Stealing From Clients
Hudson Valley Business Owner Sentenced For Stealing From Clients A Westchester County businessman will spend time behind bars after admitting to lining his own pockets with hundreds of thousands of dollars as part of a scheme to steal business taxes from clients that employed his services. Pleasantville resident Stefan Malgarinos, 48, has been sentenced to prison time after pleading guilty to grand larceny and scheme to defraud, both felonies, related to stealing withholding tax money from state and federal authorities collected from his clients. Westchester County District Attorney District Attorney Anthony Scarpino, Jr., said that Malgarinos was …

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by Zak Failla
Police & Fire
New Victims Say Area Car Salesman Stole From Them, Police Say New Victims Say Area Car Salesman Stole From Them, Police Say
New Victims Say Area Car Salesman Stole From Them, Police Say Several new victims have come forward with claims that a Middletown car salesman previously working as a realtor stole cash from them. Michael Edison Ramos, 34, of Middletown has been charged with multiple felonies after allegedly stealing numerous cash down payments. State Police investigators are now looking for victims who may have dealt with Ramos while he acted as a realtor in the Middletown area. Further investigation has revealed many of the victims are Spanish speaking. State Police say they received a report that a salesman at Nissan-Kia Middletown dealership failed to credi…

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by Valerie Musson
Police & Fire
Putnam Sheriff Issues Alert For Driveway Paving Scam Putnam Sheriff Issues Alert For Driveway Paving Scam
Putnam Sheriff Issues Alert For Driveway Paving Scam Area residents are being warned of a driveway paving scam. Several incidents had been reported in the Rochester area last summer, resulting in the arrests of several persons on charges of “Scheme to Defraud.” Late last week, the Putnam County Sheriff’s Office received a complaint from a resident in Garrison reporting an incident. On Tuesday, April 2, two white men approached the homeowner at his residence and identified themselves as being from a paving company, Putnam County Sheriff Robert L. Langley Jr. said.  The men told the homeowner that they had extra asphalt that was alleged…

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by Joe Lombardi
News
Northern Westchester Businessman Admits To Swindling Clients Out Of Thousands Northern Westchester Businessman Admits To Swindling Clients Out Of Thousands
Northern Westchester Businessman Admits To Swindling Clients Out Of Thousands A Westchester County businessman has admitted to lining his own pockets with thousands of dollars as part of a scheme to steal business taxes from clients that employed his services. Pleasantville resident Stefan Malgarinos, 48, has pleaded guilty to grand larceny and scheme to defraud, both felonies, related to stealing withholding tax money from state and federal authorities collected from his clients. Malgarinos, the owner of Manos Business Management in Pleasantville, was hired by businesses in the tri-state area to file withholding tax returns, to pay withholding taxes collected f…

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by Zak Failla
News
Hudson Valley Contractor Admits To Defrauding Customers Of $175,000 Hudson Valley Contractor Admits To Defrauding Customers Of $175,000
Hudson Valley Contractor Admits To Defrauding Customers Of $175,000 An area contractor is facing potential prison time and his corporation has agreed to pay back $175,000 for defrauding property owners who hired him to construct homes on their property. Goshen resident Charles Neustadt, 63, and JC Builders, Inc. pleaded guilty to felonies this week in Orange County Court. Neustadt pleaded guilty to third-degree grand larceny and theft of services. His business pleaded guilty to felony charges of grand larceny and scheme to defraud. As part of the plea agreement, Neustadt has agreed to pay back $175,000 and it has been recommended by the Orange County Distri…

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by Zak Failla
Police & Fire
Fraud Complaints Lead To Arrest Of Putnam Business Owner Fraud Complaints Lead To Arrest Of Putnam Business Owner
Fraud Complaints Lead To Arrest Of Putnam Business Owner A formerly prominent area contractor is facing multiple felony charges after allegedly bilking customers out of thousands of dollars for work he never performed. New York State Police in Brewster received multiple complaints of fraud from customers of R&D Flooring on Route 22 in Brewster beginning in September last year, prompting an investigation by detectives. Police said the investigation determined that LaGrange resident Raymond Demayo, 62, took thousands of dollars in payment from his victims and never performed any work or services in return. He was arrested by troopers on Tuesday…

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by Zak Failla