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$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say $185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced. The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes." “By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…

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by Joe Lombardi
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$520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA $520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA
$520,000 Stock Fraud Scheme Leads To Indictment For Barred NY Investment Broker: DA A barred investment broker has been indicted on charges he stole $520,000 from six investors who believed they were investing in stocks for several high-profile companies. Long Island resident Peter Quartararo, age 57, of Glen Cove, was arraigned Thursday, March 9 on charges of grand larceny, said Nassau County District Attorney Anne Donnelly. “This defendant allegedly tricked investors into believing they were getting in on the ground floor of high-profile companies that were going public," Donnelly said. During the "scheme" which began in July 2018 and continued through January 2021, Qua…

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by Kathy Reakes
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Area Man Admits To Defrauding Investors Out Of Nearly $1M Area Man Admits To Defrauding Investors Out Of Nearly $1M
Area Man Admits To Defrauding Investors Out Of Nearly $1M A Hudson Valley man has admitted to defrauding multiple victims out of nearly a million dollars as part of an elaborate scheme, U.S. Attorney Geoffrey Berman announced. Rockland County resident Jorge Padilla, 33, of Haverstraw, pleaded guilty in district court to defrauding his victims out of more than $900,000 by soliciting investments in a sham financial firm by using misrepresentation and fraudulent documents. Specifically, Padilla pleaded guilty to one count of wire fraud. When he is sentenced, he will face up to 20 years in prison. Berman said that between September 2014 and April 201…

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by Zak Failla