$6M Ponzi Scheme: Braggart Hedge Fund 'Tycoon' Busted By Undercover NJ Fed $6M Ponzi Scheme: Braggart Hedge Fund 'Tycoon' Busted By Undercover NJ Fed
$6M Ponzi Scheme: Braggart Hedge Fund 'Tycoon' Busted By Undercover NJ Fed The well-heeled hedge fund tycoon from Chicago seemingly couldn’t help but boast of some spectacular achievements during a meeting with an investment manager in New Jersey. There were annual returns of 336 percent, more than $2 billion raised in just 60 days and a list of investors that included a well-known owner of a professional sports team, authorities said. Phillip Galles, 57, also took a page from George Santos’s book, claiming that he’d graduated from a prominent university in the Midwest, they said. Galles’s “outlandish claims of experience, expertise and success” were all BS, a co…
Multitude Of Government Agencies Victimized Out Of $4M By NJ Man: Feds Multitude Of Government Agencies Victimized Out Of $4M By NJ Man: Feds
Multitude Of Government Agencies Victimized Out Of $4M By NJ Man: Feds A New Jersey man stole more than $4 million through a clutch of schemes that included defrauding three different government programs, authorities charged. Gbenga Akinbode, 33, of Newark, opened a bank account and then used 120 different debit cards to buy $500,000 worth of money orders that were deposited into the account, according to a complaint filed by Homeland Security Investigations in U.S. District Court in Newark. Investigators discovered that the debit cards were funded with $4 million in fraudulently obtained unemployment insurance benefits, bogus Paycheck Protection Program loans…
Serial NJ Phony Fire Inspector Has Yet To Learn His Lesson, Police In DC Say Serial NJ Phony Fire Inspector Has Yet To Learn His Lesson, Police In DC Say
Serial NJ Phony Fire Inspector Has Yet To Learn His Lesson, Police In DC Say He's a little bit older and a little bit grayer, but Michael Carrion is the same phony fire inspector now that he was in 2018, authorities in Washington DC say. Carrion, who was being held at Riker's Island for a parole violation when he was being sought out of various New Jersey towns in 2018, is now wanted out of the nation's capital for pulling the same stunt that landed him in trouble with the law back then. CarrionMUGSHOT: Courtesy WAYNE PD This time, 56-year-old Carrion posed as a fire inspector at a DC bagel shop on April 21, and left with nearly $1,000 in cash, according to DC N…
Wildwood Mayor Admits Tax Dodge: Feds Wildwood Mayor Admits Tax Dodge: Feds
Wildwood Mayor Admits Tax Dodge: Feds Wildwood Mayor Peter J. Byron admitted Friday that he ducked paying taxes on $40,425 that he received for working as a salesman for a law firm, federal authorities said. Byron, 67, officially pleaded guilty to twice willfully "aiding and assisting in the preparation and presentation of fraudulent tax returns" to the IRS for calendar years 2017 and 2018, U.S. Attorney Philip R. Sellinger announced on March 24. The mayor still has a state case to deal with. He, former Mayor Ernest V. Troiano Jr. and City Commissioner Steven E. Mikulski were charged last year with fraudulently collecting stat…
IRS Bags Hundreds Of Tax Cheats, Money Launderers As COVID Relief Fraud Tops $3.2 Billion IRS Bags Hundreds Of Tax Cheats, Money Launderers As COVID Relief Fraud Tops $3.2 Billion
IRS Bags Hundreds Of Tax Cheats, Money Launderers As COVID Relief Fraud Tops $3.2 Billion It wasn't long after the government began offering COVID relief loans three years ago that IRS investigators were hot on the tails of scammers. Since then, agents with IRS Criminal Investigation have pursued 975 tax and money-laundering cases nationwide involving $3.2 billion worth of fraudulently obtained loans, credits and payments meant to help American workers, families, and small businesses who were rocked by the pandemic. Over that time, IRS-CI has kept its conviction rate at nearly 100%, federal authorities say. It has produced indictments against 458 defendants, …
Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M Mahwah Mansion, More Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M Mahwah Mansion, More
Feds Charge Exiled Chinese Tycoon With $1B Fraud That Funded $26.5M Mahwah Mansion, More Exiled Chinese tycoon Miles Guo was arrested by the FBI Wednesday on charges of swindling his online followers out of more than $1 billion that the government said he used, in part, to buy a 58-room mansion in Mahwah. Some of the agents were still at Guo’s 15-room penthouse in the Sherry-Netherland Hotel on Manhattan’s Upper East Side the afternoon of March 15, six hours after he’d been arrested there, when a mysterious fire broke out on the 18th floor, responders said. No injuries were reported, but authorities said the blaze significantly damaged Guo’s unit. No one drew any immediate conn…
'Bling Bishop' From Bergen Accused Of Faking Docs To Finance Paramus Mansion: 'FBI Set Me Up' 'Bling Bishop' From Bergen Accused Of Faking Docs To Finance Paramus Mansion: 'FBI Set Me Up'
'Bling Bishop' From Bergen Accused Of Faking Docs To Finance Paramus Mansion: 'FBI Set Me Up' A flashy Brooklyn bishop who lives in Bergen County – and was infamously robbed at gunpoint during a live-streamed church service last year – claims the FBI set him. Lamor Whitehead was already facing charges of swindling a female parishioner out of $90,000 in retirement money when a new indictment this week accused him of fabricating bank records to try and finance his million-dollar mansion in Paramus. Whitehead made it appear on paper that he controlled an LLC that had an average balance of more than $2 million when it actually had less than 10 bucks, the indictment returned in the Sout…
South Jersey Woman Practiced Law Without A License: Police South Jersey Woman Practiced Law Without A License: Police
South Jersey Woman Practiced Law Without A License: Police A South Jersey woman is accused of defrauding clients by practicing law without a license, authorities said. In September 2022, Evesham police commenced an investigation into the alleged fraud. Additionally, this suspect was allegedly stealing money from her employer, in excess of $100,000, police said. The suspect was identified as Rebecca Cronin, 34, of Southampton, police said. Cronin was practicing law, without a license, under the name of Rebecca Shugars, they said. Cronin is not licensed in the State of New Jersey or any other state as a lawyer, nor has she attend…
Gia Giudice Inks Position With Immigration Firm Years After Dad's Deportation Gia Giudice Inks Position With Immigration Firm Years After Dad's Deportation
Gia Giudice Inks Position With Immigration Firm Years After Dad's Deportation "What, like it's hard?" The Martinez Immigration firm channeled its inner Elle Woods in welcoming Gia Giudice to the firm. The 22-year-old Morris County native, whose mom Teresa starred on "Real Housewives of New Jersey," announced she accepted a post-grad position at the immigration firm. View this post on Instagram A post shared by Kathleen Martinez (@attorneymartinez) The Rutgers University student is set to graduate in the fall, and will join Martinez Immigration, a virtual firm helmed by Kathleen Martinez. Gia's dad, Joe Giudice, infa…
‘Bling’ Bishop From Bergen Seized By FBI, Charged With Swindling Retiree Out Of $90,000 ‘Bling’ Bishop From Bergen Seized By FBI, Charged With Swindling Retiree Out Of $90,000
‘Bling’ Bishop From Bergen Seized By FBI, Charged With Swindling Retiree Out Of $90,000 A flashy Brooklyn bishop who lives in Bergen County – and was infamously robbed at gunpoint during a live-streamed church service earlier this year – swindled one of his parishioners out of $90,000 in retirement money that he used for himself, federal authorities charged. Lamor Whitehead, a 44-year-old Paramus resident known for his Rolls Royce, Gucci suits and bling, was arrested by federal agents on Monday, Dec. 19, on an indictment that charges him wire fraud, extortion and lying to the FBI. The indictment returned by a grand jury in U.S. District Court in Manhattan accuses Whitehead of …
Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds
Hoboken Influencer Ran $114 Million 'Pump And Dump' Stock Scheme: Feds A social media influencer from Hoboken and seven other men were charged with running a $114 million "pump and dump" stock scheme. Mitchell Hennessey, 24, used his extensive social media following to hype interest in particular securities by posting false and misleading information on Twitter and Discord, according to prosecutors in the Southern District of Texas. The influencers and self-proclaimed traders artificially inflated the prices of the securities by hyping them up on their platforms, only to "dump" them after the fact, prosecutors said.From in or around January 2020 to in or aroun…
South Jersey Pair Bilked Victim Out Of $600K, Laundered Money: Prosecutor South Jersey Pair Bilked Victim Out Of $600K, Laundered Money: Prosecutor
South Jersey Pair Bilked Victim Out Of $600K, Laundered Money: Prosecutor A pair of South Jersey residents has been indicted on money laundering and theft charges, authorities said. Wei Song, 59, and Botao Liu, 52, both of Egg Harbor Township were indicted on Thursday, Nov. 17 for charges stemming from a multi-year social engineering scheme that resulted in financial losses of over $600,000 from one victim, millions of dollars in bad checks, and identity theft damages, according to the Atlantic County Prosecutor's Office. Song was indicted for money laundering – a first-degree offense; theft by deception – a second-degree offense; identity the…