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Disbarred NJ Attorney Admits To Ponzi Scheme That Cost Investors $1 Million: Feds Disbarred NJ Attorney Admits To Ponzi Scheme That Cost Investors $1 Million: Feds
Disbarred NJ Attorney Admits To Ponzi Scheme That Cost Investors $1 Million: Feds A 61-year-old Hillsborough resident pleaded guilty on Wednesday, Oct. 9 to running a Ponzi-like wire fraud scheme that caused losses of more than $1 million, authorities said. Lawrence Coven, who had previously been disbarred as an attorney, operated and controlled Sunrise Enterprises LLC, which purported to provide financial services to investors, US Attorney Philip Sellinger said.  In reality, Coven induced investors into sending him funds by falsely representing that he would invest their money through Sunrise in exchange for large profits by providing short-term loans to borrowers …

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by Sam Barron
News
Heard But Not Seen: Nigerian National Nabbed In $250,000 Audiobooks Scheme, NJ Feds Say Heard But Not Seen: Nigerian National Nabbed In $250,000 Audiobooks Scheme, NJ Feds Say
Heard But Not Seen: Nigerian National Nabbed In $250,000 Audiobooks Scheme, NJ Feds Say A Nigerian national living in Bangladesh contracted with more than 600 voice actors to produce audiobooks of written works that he didn't hold the rights to, federal authorities in New Jersey charged. Anyanwu Benjamin Chizitere, 30, of Enugu, Nigeria, was part of a group that collected more than $250,000 by infringing on the copyright of a Newark-based company and its authors, U.S. Attorney for New Jersey Philip R. Sellinger said. Chizitere worked for a financial services business that provided online money transfer and digital payment services to the company, the U.S. attorney said. He po…

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by Jerry DeMarco