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Melville, NY

Business
Mother's Day Scams: BBB Warns NYers Of Fake Gifts, Shops Mother's Day Scams: BBB Warns NYers Of Fake Gifts, Shops
Mother's Day Scams: BBB Warns NYers Of Fake Gifts, Shops Long Islanders looking for last-minute gifts for Mom should keep an eye out for potential scams, business officials warned. The Metro New York branch of the Better Business Bureau (BBB), a non-profit organization reviewing the trustworthiness of businesses, encouraged residents in the region to do their research when purchasing Mother’s Day gifts. The BBB’s Tuesday, April 30 announcement comes after the organization announced that three Long Island florists were being investigated for running alleged scams. One such business is on Long Island at Sarata Flowers, a Melville florist that, a…

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by Sophie Grieser
Business
New Bed Bath & Beyond Closures Include Saratoga Springs Store New Bed Bath & Beyond Closures Include Saratoga Springs Store
New Bed Bath & Beyond Closures Include Saratoga Springs Store Nearly two dozen New York locations are among a new round of scheduled closures announced by struggling home goods retailer Bed Bath & Beyond. Another 87 stores are due to close in 2023, the company announced this week, including 23 locations in New York. That brings the total number of Bed Bath & Beyond locations scheduled to close to at least 162 announced since September 2022. A spokesperson told Axios that the latest round of closures will include all of the company's Harmon beauty shops, as well as five Buy Buy Baby locations. “This store fleet reduction expands the compan…

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by Michael Mashburn
News
Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions
Broker Sentenced In NY ‘Boiler Room’ Scheme That Defrauded Elderly Out Of Millions A former stockbroker is heading to federal prison for his role in a massive fraud scheme based on Long Island that swindled elderly victims out of millions of dollars. Lawrence Isen, age 69, of California, was sentenced to five years behind bars in federal court in Central Islip Friday, Jan. 6. Earlier Report: Former Broker Sentenced In LI 'Boiler Room' Fraud Scheme That Cost Elderly Victims Millions It followed his March 2020 jury conviction on multiple charges, including conspiracy to commit securities fraud, conspiracy to commit wire fraud, and money laundering. Federal prosecut…

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by Michael Mashburn
News
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims A New York man was sentenced for his role in a $12 million Ponzi scheme that targeted nearly 50 victims from throughout the region and the nation between 2015 and 2017. Long Island resident Matthew Eckstein, age 52, of Syosset, was sentenced on Monday, July 11 to three-and-a-half to 10-and-a-half years in prison. Eckstein originally pleaded guilty to the charges on September 26, 2019, but later withdrew his plea. A new indictment was secured in August 2020, but court closures related to the COVID-19 pandemic further delayed the case. “This defendant preyed upon seniors and hard-working men…

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by Joe Lombardi