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$10M Fraud Scheme: Suffolk Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say $10M Fraud Scheme: Suffolk Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say
$10M Fraud Scheme: Suffolk Father-Son Duo Spent Investor Money On Lavish Lifestyle, Feds Say A New York father and son are accused of conning investors out of millions of dollars that allegedly went toward funding their lavish lifestyle. Long Island residents Eugene Austin, age 60, of Port Jefferson, and his son Brandon Austin, age 27, of Coram, are named in an indictment that was unsealed in Manhattan federal court on Wednesday, July 12. According to prosecutors, the men fraudulently offered to serve as a broker for sales of large quantities of cryptocurrency at below-market exchange rates and provide short-term investments in cryptocurrency for purportedly high returns. They als…

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by Michael Mashburn
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String Of Scams Steals Over $500,000 From Long Island Residents String Of Scams Steals Over $500,000 From Long Island Residents
String Of Scams Steals Over $500,000 From Long Island Residents Three separate scams, all happening in the span of a week, have targeted older Nassau residents and cost them thousands of dollars each. On Monday, April 24, the Nassau County Police Department reported a string of cons that targeted the citizens, all of whom were over the age of 65. The first reported incident happened in Farmingdale on Thursday, April 6, when detectives reported that a 69-year-old woman received a call from someone claiming to be an Apple employee. The scammer convinced the victim that her computer and all accounts had been compromised. In order to keep her money s…

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by Sophie Grieser
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Accused Long Island Fraudster Agrees To Forfeit $249 Million Accused Long Island Fraudster Agrees To Forfeit $249 Million
Accused Long Island Fraudster Agrees To Forfeit $249 Million A New York man admitted to committing fraud and has agreed to forfeit to the US government hundreds of millions of dollars he's accused of racking up from tens of thousands of investors until his arrest less than a year ago. Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and foreign exchange trading platform called EminiFX, solicited more than $248 million after making false representations in connection with the EminiFX trading platform, the Southern District of New York, announced on Friday, Feb. 10. According to the allegations in …

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by Joe Lombardi
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'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance 'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance
'CryptoQueen' Charged In NY On FBI's 10 Most Wanted: May Have Armed Guards, Changed Appearance A woman charged in New York with stealing billions of dollars from investors around the world may have changed her appearance and be traveling with armed guards, according to federal agents.  Bulgaria native Ruja Ignatova, age 42, has been placed on the Federal Bureau of Investigation's Ten Most Wanted Fugitive List for participating in a fake cryptocurrency scheme that defrauded victims of more than $4 billion in total.  The scheme began in 2014 when Ignatova founded OneCoin Ltd., a Bulgaria-based company that marketed a fake cryptocurrency to investors. To solicit funds, she would make f…

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by Ben Crnic
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Suffolk County Couple's Life Savings Recovered After Stolen By Scammer Suffolk County Couple's Life Savings Recovered After Stolen By Scammer
Suffolk County Couple's Life Savings Recovered After Stolen By Scammer Authorities recovered hundreds of thousands of dollars that were stolen from a Long Island couple in an internet phishing scam. Investigators recovered more than $330,000 after the funds were stolen from a Suffolk County husband and wife, Suffolk County District Attorney Raymond Tierney announced on Wednesday, Nov. 30. On or about Tuesday, Sept. 20, the victims had the funds stolen from them by a scammer in Kolkata, India, who made false claims and manipulated electronic banking information to convince the couple that the money needed to be refunded after it had been erroneously deposited i…

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by Nicole Valinote
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CEO From Long Island Charged In $59M Cryptocurrency Scheme CEO From Long Island Charged In $59M Cryptocurrency Scheme
CEO From Long Island Charged In $59M Cryptocurrency Scheme A CEO from New York is facing charges for his role in a $59 million cryptocurrency scheme where he touted phony technology to garner additional funding, federal officials announced.  Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and forex trading platform called EminiFX, has been charged with commodities fraud and wire fraud offenses, according to US Attorney Damian Williams. It is alleged that Alexandre solicited more than $59 million in investments from hundreds of individual investors after making false representations in con…

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by Zak Failla
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Suffolk County IT Supervisor Accused Of Using County Resources To Mine Cryptocurrency Suffolk County IT Supervisor Accused Of Using County Resources To Mine Cryptocurrency
Suffolk County IT Supervisor Accused Of Using County Resources To Mine Cryptocurrency An information technology supervisor was arrested and accused of running a cryptocurrency mining operation out of Suffolk County offices, costing the county thousands of dollars in electricity.  Christopher Naples, age 42, of Mattituck, was arraigned on multiple felony charges Wednesday, Sept. 8, according to Suffolk County District Attorney Timothy Sini. Sini said Naples was charged with the following: Public corruption Third-degree grand larceny  Computer trespass Official misconduct “Mining cryptocurrency requires an enormous amount of resources, and miners have to navigate h…

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by Nicole Valinote
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COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn
Covid-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn With the United States crossing a grim milestone as the COVID-19 death toll topped 500,000, utility companies are cautioning about new scams that have arisen in the past year as opportunistic fraudsters look to take advantage of the pandemic. Utility companies across the country have issued alerts regarding new scams as they seek to allow their customers to protect themselves from scammers exploiting the COVID-19 outbreak. According to officials, one of the largest threats involves scammers aggressively threatening to disconnect service, claiming that bills are past due, unless a payment is…

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by Zak Failla
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Bitcoin Scammers Claim To Have Compromising Videos Of Victims Bitcoin Scammers Claim To Have Compromising Videos Of Victims
Bitcoin Scammers Claim To Have Compromising Videos Of Victims Bitcoin scammers have been threatening to expose sensitive videos of their victims if they are not paid off. Fraudsters have been sending spam emails that allege they have recorded video of “you getting yourself off,” which they threaten to expose if they are not paid off. The emails claim that the scammer is from out of the country, and cannot be targeted by local law enforcement. Related story - COVID-19: Cybercriminals Using New Sextortion Tactics Amid Pandemic Scammers allege that based on their potential victims’ visiting “bad” websites that infected computers with malware, they now …

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by Zak Failla
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NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website
NY, CT Residents Among Hundreds Charged In Takedown Of Largest Darknet Child Porn Website Men from Connecticut and New York are among those charged in the takedown of the largest Darknet child pornography website. Jong Woo Son, 23, a South Korean national, was indicted this week for his operation of Welcome To Video, the largest child exploitation market by volume of content, officials said. Son has also been charged and convicted in South Korea and is currently in custody serving his sentence in South Korea.   An additional 337 site users residing in Alabama, Arkansas, California, Connecticut, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Nebraska, New Jers…

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by Zak Failla
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Long Island Man Charged In Multi-Million Dollar Extortion Scheme Long Island Man Charged In Multi-Million Dollar Extortion Scheme
Long Island Man Charged In Multi-Million Dollar Extortion Scheme A Long Island man was charged for his alleged role in a multi-million dollar extortion scheme to scam a startup cryptocurrency company. Steven Nerayoff, 48, of Great Neck, and Rhode Island resident Michael Hlady, 47, were charged in Brooklyn federal court this week for their roles in the scheme to defraud a Seattle-based startup mobile-based business. It is alleged that Nerayoff, an attorney, and Hlady threatened to destroy a startup cryptocurrency company if they were not paid millions of dollars in the cryptocurrency Ether. U.S. Attorney Richard Donoghue said that the victim specializes …

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by Zak Failla