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Financial Crimes

Police & Fire
$10,000 Elder Scam: Sting Operation Nabs Swindler Red-Handed Near Patchogue $10,000 Elder Scam: Sting Operation Nabs Swindler Red-Handed Near Patchogue
$10,000 Elder Scam: Sting Operation Nabs Swindler Red-Handed Near Patchogue Police apprehended two people involved with an alleged elder scam after the victim, a 79-year-old Long Island woman, alerted a local officer to her suspicious conversations with the scammer. The woman was on the phone with the alleged con artist when she flagged down a Suffolk County Police Officer on Friday, April 14, according to the department. She told the officer, identified as Sergeant Christopher Racioppo, that she was speaking with a man who had sent her an email the night before about what appeared to be a fraudulent PayPal charge on her account. The man allegedly told her to t…

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by Sophie Grieser
Police & Fire
Detectives In Suffolk County Intercept Money Shipped As Part Of Bail Scam Detectives In Suffolk County Intercept Money Shipped As Part Of Bail Scam
Detectives In Suffolk County Intercept Money Shipped As Part Of Bail Scam Police detectives on Long Island seized $17,000 in cash that was mailed as part of a bail scam targeting a man across the country. Suffolk County Police Financial Crimes Unit detectives are investigating a scam that involved a Montana man shipping the cash, which was intercepted by investigators on Tuesday, Feb. 15 before it could make its way to an Amityville address. According to investigators, a 71-year-old man from Kalispell, Montana was contacted by a suspect claiming to be his son who alleged that he had been arrested for DWI following a motor vehicle crash that left a pregnant woman…

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by Zak Failla
News
Coin Dealer From Suffolk County Charged In $330K Sales Scheme Coin Dealer From Suffolk County Charged In $330K Sales Scheme
Coin Dealer From Suffolk County Charged In $330K Sales Scheme A coin dealer from Long Island has been charged in connection with a $330,000 cross-country coin consignment and sales scheme that targeted coin dealers and private collectors from California to  Long Island. Harold Adamo, 53, of Fort Salonga, was charged on Wednesday, Sept. 11, on four counts of grand larceny, scheme to defraud, and four counts of issuing a bad check, said the Nassau County District Attorney's Office. According to the indictment, from April 2017 through March 2019, Adamo was allegedly engaged in a scheme to defraud money, gold and collectible coins from individuals an…

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by Kathy Reakes
News
Long Island Businessman, Melrose Credit Union CEO Both Charged In Bribery Scheme Long Island Businessman, Melrose Credit Union CEO Both Charged In Bribery Scheme
Long Island Businessman, Melrose Credit Union CEO Both Charged In Bribery Scheme A Long Island businessman and the former CEO of Melrose Credit Union were arrested and charged for their roles in an alleged bribery scheme involving free housing in exchange for millions of dollars in loans. Alan Kaufman, the former CEO of the now-defunct credit union, has been charged with accepting bribes from Tony Georgiton, a client who provided him with free housing In exchange for $60 million worth of loans and favorable rates for his companies. United States Attorney for the Southern District of New York Geoffrey Berman announced the charges on Thursday, July 11, after the two were …

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by Zak Failla