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Financial Crime

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NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds
NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds A former investment adviser and founder of a New York financial advisory firm could spend decades in federal prison for conning his clients out of more than $1 million. Long Island resident Jeffrey Slothower, age 46, of Southampton, was found guilty of wire fraud and related charges by a jury in Central Islip federal court on Thursday, May 16. According to prosecutors, in 2017 Slothower targeted a California couple whose money he had managed at another financial services firm, promising them he could beat any rate of return they were receiving at his own firm, Battery Private. He offered t…

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by Michael Mashburn
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
Capital Region Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say Capital Region Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say
Capital Region 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