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Covid-19: Ex-Transit Worker From Babylon Sentenced For $770K Loan Fraud Scheme
Two former government employees from Long Island will spend more than a year in federal lockup for defrauding loan programs meant to help businesses impacted by the COVID-19 pandemic.
Arthur Cornwall, age 43, of Babylon, and Sean Williams, age 42, of Valley Stream, were each sentenced to 18 months in prison in Central Islip federal court on Wednesday, March 20, after pleading guilty to wire fraud.
Prosecutors said Cornwall, a former signal maintainer with the New York City Transit Authority, and Williams, a former New York State Court officer, received nearly $770,000 in small business loan…
$12M Fraud: Bridgehampton Man Cons Developers To Buy Luxury Cars, Yachts, Feds Say
A New York man is among two people facing federal charges for allegedly conning commercial developers out of millions of dollars to fund a lavish lifestyle.
Long Island resident Joseph Malvasio, age 65, of Bridgehampton and Fort Lauderdale, Florida, is named in an indictment unsealed by the US Attorney’s Office in the Southern District on Thursday, Aug. 10.
According to prosecutors, Malvasio conspired with 57-year-old Gregg Marcus, of Bay Harbor Islands, Florida, to run an advance-fee scheme through their business, Global Capital Partners Fund LLC.
The duo falsely claimed that the company …
Long Island Twins Trick Clients Out Of $5 Million Investment Advising Fraud, Feds Say
A pair of twin brothers and investment advisors are facing 20 years in prison after allegedly defrauding clients out of millions.
The brothers, Adam and Daniel Kaplan, both age 34 and hailing from Great Neck, were indicted on charges of wire fraud, money laundering, and more, the US District Attorney’s Eastern District of New York announced on Tuesday, July 25.
Adam and Daniel, between May 2018 and November 2022, took on hundreds of clients as investment advisors from New York all the way to Arizona, according to the indictment and public records.
During that time, the brothers used thei…
Multi-Million Dollar Ponzi Scheme: Long Island Man Sentenced, Must Pay $3.3M In Restitution
A Long Island man has been sentenced to over three years in prison for running a yearslong Ponzi scheme and using the proceeds to pay off his gambling debts, officials announced.
John Quadrino, age 57, of Oceanside, was sentenced to 41 months behind bars and ordered to pay $3.3 million in restitution for running a million-dollar Ponzi scheme on Thursday, May 25, according to the Eastern District of New York Attorney’s Office.
Quadrino asserted to potential investors that his companies – Princess Cut Industries, Inc., Sassy Jewelry Buyers, Inc., and Golden Glitter Trading, Inc. – sold diam…
$5 Million Fraud Scheme: Man Who Scammed Suffolk County Resident Indicted
The scammer, along with co-conspirators, conned a Long Island man out of approximately $5.3 million, which they spent nearly all of.
On Tuesday, April 25 at the Central Islip federal court, the United States Attorney for the Eastern District of New York, along with a New York FBI director, announced the charges against Odera Odabi.
Odabi is charged with conspiring to commit mail fraud, wire fraud, and money laundering, according to the announcement.
The 54-year-old Georgia man is alleged to have falsely informed a Suffolk County resident (known in the case as John Doe) that he needed to p…
Former Suffolk County Legislator, Ex-Girlfriend Both Convicted Of Defrauding Business Of $250K
A former county legislator in New York and an accomplice from Connecticut have been convicted by a jury of scamming a business out of more than a quarter of a million dollars.
George Guldi, who served as a Long Island legislator representing the South Fork of Suffolk County, and Litchfield County resident Victoria Davidson, of Lakeville, Connecticut, defrauded Ditech Financial LLC, a mortgage lender, Damian Williams, the United States Attorney for the Southern District of New York, announced.
“George Guldi, while in prison, concocted and conducted a scheme along with his co-consp…
Lamborghini, Porsche, Jaguar, Oh My: LI Contractor Charged In $2M Hurricane Sandy Relief Fraud
A New York contractor is facing federal charges for allegedly stealing millions of dollars from Hurricane Sandy victims and using the money to fund a lavish lifestyle.
Alexander Almaraz, age 55, who formerly lived on Long Island, in Freeport on , is expected to be arraigned on wire fraud charges in federal court in Central Islip on Thursday, Jan. 26, according to the US Attorney’s Office in the Eastern District.
Prosecutors said Almaraz, who owns Design Concepts Group (DCG) in Freeport, targeted homeowners who suffered extensive damage during Hurricane Sandy in October 2012 and later recei…
