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Securities Fraud

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NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG
NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG State officials have revoked the licese of a Bergen County financial advisor and broker after it came to light that he sold a pair of elderly clients a total of $3.65 million in a move that New Jersey Attorney General Matthew Platkin said was not in the best interest of the clients. Carlos Leston, who also goes by Jose Carlos Leston, of Maywood, made the sale in securities in a New York Lending company without disclosing that the CEO of the corporation was a friend of his who had been barred from the securities industry, Platkin said. Leston also failed to disclose that he had a r…

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by Cecilia Levine
Police & Fire
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced 'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced
'Heartless And Despicable': NJ Broker Who Scammed $3.7M From Gold Star Families Sentenced A former Army financial counselor from Colts Neck will spend more than a decade in prison after admitting to scamming Gold Star families out of more than $3 million, authorities said. Caz Craffy, 42, was sentenced on Wednesday, Aug. 21 to 12 years and seven months in prison, New Jersey's U.S. Attorney Philip Sellinger said in a news release. He pleaded guilty to 10 charges on Tuesday, Apr. 16. Craffy, who's also known as "Carz Craffey," had been a major in the U.S. Army Reserve since 2003. His Army affiliation was terminated in January 2023, according to military records. Ac…

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by Chris Spiker