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ICE, Nypd: 'Money-Sucking' Crew With Bergen, Hudson Members Scammed Elderly 2X
Ten people -- six of them from Bergen and Hudson counties -- were charged by federal authorities with convincing unwitting elderly victims to invest their money in various businesses, pushing them into debt, and then scamming them again with a bogus debt-relief program.
Those charged include two Hillsdale residents, identified as Joseph Ciaccio and Joseph Depaola, both 30; two Elmwood Park residents, identified as Derrek Larkin, 36, and Mattie Cirilo, 28; and one from Washington Township, Joseph Minetto, 32.
Also charged were Anthony Cheedie, 34, of Jersey City, two people from Arizona, ano…
Husband And Wife From W. New York Admit Running $500K Ponzi Scheme
A married couple from West New York pleaded guilty to multiple offenses related to an investment firm that was really cover for a Ponzi scheme, the U.S. Attorney for New Jersey said Monday.
Alcibiades Cifuentes, 36, and his wife Jennifer Wee Cifuentes, 38, ran a hedge fund, Cifuentes Fund Management, which they said was investing in foreign currencies and commodities.
In reality, for three years beginning in 2012, the couple took investors' money and bought jewelry, an Audi R8 and other items. They took some cash from more recent investors in the fund and gave it to older invest…
Union City Finance Adviser Admits Ripping Off Elderly Clients
A Union City man pleaded guilty in a half-million dollar fraud involving financial services clients he was supposed to be working for, the U.S. Attorney's Office said.
Ramon Herrera, 36, pleaded guilty to one count of wire fraud and faces up to 20 years in prison when he's sentenced in February, authorities also said.
From May 2015 to early 2018, Herrera, who worked as a broker and financial adviser, met with and obtained confidential information from clients in and around Hudson County. The clients were mostly elderly, spoke only Spanish, or both, authorities said.
Herre…
