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William Sweeney

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Owner, CEO From Long Island Among Trio Indicted For $1.8B Ponzi-Like Scheme Owner, CEO From Long Island Among Trio Indicted For $1.8B Ponzi-Like Scheme
Owner, CEO From Long Island Among Trio Indicted For $1.8B Ponzi-Like Scheme A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.  Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said. Specifically, the three were charged with securities and wire fraud, …

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by Zak Failla
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Long Island Man Charged With Defrauding Investors Long Island Man Charged With Defrauding Investors
Long Island Man Charged With Defrauding Investors A Long Island man will face decades in prison after being charged with bilking investors out of more than $700,000, federal prosecutors said. Massapequa resident Mark Lisser, 40, was charged with wire fraud for lying to investors and potential investors to induce them to invest in what they falsely believed were shares of several companies prior to the companies’ initial public offering. Acting U.S. Attorney Seth DuCharme said that between October 2018 and January 2019, Lisser was a partner in Knightsbridge Private Parners, which operated a series of websites and call centers used to solici…

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by Zak Failla
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MS-13 Member Sentenced For Role In 2017 Suffolk County Deli Murder MS-13 Member Sentenced For Role In 2017 Suffolk County Deli Murder
MS-13 Member Sentenced For Role In 2017 Suffolk County Deli Murder An MS-13 gang member has been sentenced following his conviction on murder, racketeering, and assault charges for an execution-style killing of a purported rival gang member on Long Island three years ago. Jose Suarez, an associate of the Sailors Locos Salvatruchas Westside (Sailors) clique of MS-13, was sentenced to life in prison in Central Islip federal court after being convicted of the January 2017 murder of Esteban Alvarado-Bonilla and the shooting of a female employee at a Central Islip deli. Acting U.S. Attorney Seth DuCharme said that on Jan. 30, 2017, a member of the Sailors cliqu…

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by Zak Failla
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Four From Long Island Among Five Current/Former MTA Employees Charged With Overtime Fraud Four From Long Island Among Five Current/Former MTA Employees Charged With Overtime Fraud
Four From Long Island Among Five Current/Former MTA Employees Charged With Overtime Fraud Five former and current MTA employees - four of whom are from Long Island - are facing charges for an alleged elaborate overtime fraud scheme that reportedly net them more than $1 million. Federal prosecutors charged “MTA Overtime King” Thomas Caputo, a Holbrook resident, and four others on Thursday, Dec. 3 for an “extraordinary” scheme that saw all five being paid while at home, on vacation, or doing other things besides being on the job. Along with Caputo, Levittown resident Joseph Ruzzo, Rocky Point resident John Nugent, Blue Point resident Joseph Balestra, and Manalapan, N.J. resident M…

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by Zak Failla
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MS-13 Member Fugitive Extradited To Face Charges Of Murdering Suffolk Teen MS-13 Member Fugitive Extradited To Face Charges Of Murdering Suffolk Teen
MS-13 Member Fugitive Extradited To Face Charges Of Murdering Suffolk Teen An alleged MS-13 street gang member charged with his role in the brutal murder of a 15-year-old boy on Long Island after being extradited from El Salvador and transported back to the United States. Eduardo Portillo, also known as “Firuli” and “Tito,” a fugitive from justice who formerly lived in Brentwood and Central Islip, was arrested in El Salvador in February last year and has been detained before being extradited back to New York over the weekend. “Bringing Mr. Portillo back to the U.S. to face justice for the heinous murder of a 15-year-old is a big step toward healing a family and c…

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by Zak Failla
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Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice
Hedge Fund Founder From Long Island Charged With Fraud, Extortion, Obstruction Of Justice A hedge fund founder from Long Island is facing federal charges of securities fraud and extortion after he allegedly abused his position on a Neiman Marcus Group Inc. bankruptcy committee to purchase securities at a deflated price. Nassau County resident Daniel Kamensky, of Roslyn, the founder of the New York-based hedge fund Marble Ridge Capital, has been charged in Manhattan federal court on multiple charges. Acting U.S. Attorney Audrey Strauss said that Kamensky’s alleged criminal acts occurred in connection with his scheme to pressure a rival bidder to abandon its higher bid for assets …

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by Zak Failla
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Long Island Trio Indicted In $107M Scheme To Defraud Lottery-Winning Clients Long Island Trio Indicted In $107M Scheme To Defraud Lottery-Winning Clients
Long Island Trio Indicted In $107M Scheme To Defraud Lottery-Winning Clients Three on Long Island have been indicted for their roles in a $107 million “Lottery Lawyer” scheme. Dix Hills resident Jason Kurland, Oyster Bay resident Francis Smookler, Roslyn resident Frangesco Russo, and Staten Island resident Christopher Chierchio were charged in Brooklyn federal court with multiple charges of: wire fraud,  wire fraud conspiracy,  money laundering,  and money laundering conspiracy. Acting U.S. Attorney Seth DuCharme said that Kurland, 46, has declared himself a “Lottery Lawyer” purporting to represent dozens of lottery winners throughout the country wit…

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by Zak Failla
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Jewelry Wholesaler From Suffolk Indicted For $200M Ponzi Scheme Jewelry Wholesaler From Suffolk Indicted For $200M Ponzi Scheme
Jewelry Wholesaler From Suffolk Indicted For $200M Ponzi Scheme A jewelry wholesaler from Long Island is facing charges for allegedly operating a $200 million Ponzi Scheme in New York. Long Island resident Gregory Altieri, of Melville in Suffolk County, the president of LNA Associates, was indicted for allegedly operating a two-year $200 million scheme based on nonexistent wholesale jewelry deals and false promises of inflated returns, federal officials said. It is alleged that beginning in August 2017, Altieri solicited between $75 million to $85 million from more than 80 investors in Queens, Staten Island, Long Island, and elsewhere, to allegedly purc…

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by Zak Failla
Police & Fire
Former MS-13 Gang Leader Charged In Connection To Fatal Shooting Former MS-13 Gang Leader Charged In Connection To Fatal Shooting
Former MS-13 Gang Leader Charged In Connection To Fatal Shooting A former MS-13 gang leader on Long Island is facing charges for allegedly ordering a hit on a rival gang member. Queens resident Marcelo Esquivel has been charged in federal court with murder in-aid-of racketeering and causing death through the use of a firearm in connection with the fatal shooting of Daniel Licona-Gonzalez on July 2, 2012.  U.S. Attorney Richard Donoghue said that on the day of the fatal shooting, Esquivel, who was the leader of the Centrales Locos Salvatrucha clique of MS-13, directed two gang members to murder a member of the rival Latin Kings, providing them with a…

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by Zak Failla
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Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes
Long Island Man Admits To $1M Bank Loan, Credit Card Fraud Schemes A Long Island man who was operating a hyperbaric oxygen chamber business in Great Neck has admitted to a million-dollar bank loan and credit card fraud scheme involving a parent and child. Marcello Sozio, 62, of Huntington, will face up to 20 years in prison after pleading guilty in Central Islip federal court to wire fraud in connection with a scheme to defraud banks and a customer of his business. As part of his plea, Sozio also agreed to pay approximately $1.1 million in restitution, U.S. Attorney Richard Donoghue announced. Between March 2014 and December 2016, Sozio applied for and ob…

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by Zak Failla