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$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say $185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced. The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes." “By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…

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by Joe Lombardi
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Rockland Man Admits To Defrauding Investors Out Of Nearly $1M Rockland Man Admits To Defrauding Investors Out Of Nearly $1M
Rockland Man Admits To Defrauding Investors Out Of Nearly $1M A Hudson Valley man has admitted to defrauding multiple victims out of nearly a million dollars as part of an elaborate scheme, U.S. Attorney Geoffrey Berman announced. Rockland County resident Jorge Padilla, 33, of Haverstraw, pleaded guilty in district court to defrauding his victims out of more than $900,000 by soliciting investments in a sham financial firm by using misrepresentation and fraudulent documents. Specifically, Padilla pleaded guilty to one count of wire fraud. When he is sentenced, he will face up to 20 years in prison. Berman said that between September 2014 and April 201…

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by Zak Failla