Fog/Mist 45°
Tag:

US Securities and Exchange Commission

News
‘Unadulterated Greed’: Cousins From Region Jailed For Evading Taxes On Stock Sales ‘Unadulterated Greed’: Cousins From Region Jailed For Evading Taxes On Stock Sales
‘Unadulterated Greed’: Cousins From Region Jailed For Evading Taxes On Stock Sales Two cousins from the region will spend months in jail after confessing to tax evasion. Greene County residents Dennis Radcliffe, age 52, and Kenneth Radcliffe, age 50, both of Elka Park, were sentenced to six months behind bars in Albany federal court on Thursday, Dec. 14. It followed their guilty plea to two conspiracies, the first of which involved avoiding taxes by not reporting several million dollars of income from the sales of penny stocks between 2014 and 2017. The stock sales occurred in brokerage accounts they controlled under the names of their companies, Crackerjack Classics LLC…

SHARE

by Michael Mashburn
News
Area Entrepreneur Admits To Defrauding Investors Of Nearly $1M Area Entrepreneur Admits To Defrauding Investors Of Nearly $1M
Area Entrepreneur Admits To Defrauding Investors Of Nearly $1M An entrepreneur from the area has admitted to defrauding investors of nearly $1 million. Joseph Cimino, the founder of a tequila brand based in the Hudson Valley, pleaded guilty on Monday, Nov. 15 to securities and wire fraud charges. As part of the plea, the 57-year-old Cimino, a resident of Warwick in Orange County, admitted fraudulently soliciting investments for his company. “As he admitted in court today, Joseph Cimino lied about his tequila business’s finances to lure investors and then diverted investor funds in order to line his own pockets," Damian Williams, the US Attor…

SHARE

by Joe Lombardi