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35°
Saturday, dec 28
Tag:
Stock Fraud
Police & Fire
NJ Dad In College Sex Cult Scandal Was Snitch Who Helped Feds Bust Ex
-nypd
Commish Bernie Kerik
A former disgraced Wall Street securities trader from Middlesex County who's accused of running a sex cult using his daughter’s college classmates already had a notorious history in both New York and New Jersey. Before he was nabbed in a $41 million pump-and-dump stock fraud two decades ago, Lawrence Ray had reportedly developed mob ties. Ray, now 60, also became good friends with former NYPD Police Commissioner Bernard Kerik of Franklin Lakes. He also claimed to have worked for a U.S. intelligence agency in Kosovo and in 1997 brokered a City Hall meeting with Mayor Rudolph Giuliani and So…