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Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors
Accused NY Fraudster Agrees To Forfeit $248M He Allegedly Racked Up From Thousands Of Investors A New York man admitted to committing fraud and has agreed to forfeit to the US government hundreds of millions of dollars he's accused of racking up from tens of thousands of investors until his arrest less than a year ago. Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and foreign exchange trading platform called EminiFX, solicited more than $248 million after making false representations in connection with the EminiFX trading platform, the Southern District of New York, announced on Friday, Feb. 10. According to the allegations in …

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by Joe Lombardi
News
Road Rage: Man Damages Mercedes-Benz During Incident In Hudson Valley, Police Say Road Rage: Man Damages Mercedes-Benz During Incident In Hudson Valley, Police Say
Road Rage: Man Damages Mercedes-Benz During Incident In Hudson Valley, Police Say A man is accused of causing damage to another vehicle during a road-rage incident in the Hudson Valley. It happened around 6:30 a.m. Wednesday, Aug. 3 in Rockland County on northbound I-87 in the town of Ramapo, according to state police. Troopers located and stopped both vehicles.  The investigation at the scene determined that Davonne S. Wilmore, age 31, of the Bronx, threw a water bottle at a 2019 Mercedes-Benz truck, causing damage, said state police.  Wilmore was taken into custody, transported, and processed at the State Police barracks in Newburgh.   He wa…

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by Joe Lombardi
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Ex-Employee Accused Of Stealing $8.4 Million From NY Private School Ex-Employee Accused Of Stealing $8.4 Million From NY Private School
Ex-Employee Accused Of Stealing $8.4 Million From NY Private School A 51-year-old man was indicted for allegedly stealing $8.4 million from a New York private school during the 11-year period when he worked there. Long Island resident David Ostrove, of West Islip, was indicted on charges of first-degree grand larceny and first-degree money laundering for allegedly stealing from the Schechter School of Long Island, located in Nassau County, in Williston Park, while he worked as chief financial and technology officer and director of operations, according to an announcement from Suffolk County District Attorney Raymond Tierney on Monday, July 25. “As alleged i…

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by Nicole Valinote
News
NY CEO Charged In $59M Cryptocurrency Scheme NY CEO Charged In $59M Cryptocurrency Scheme
NY CEO Charged In $59M Cryptocurrency Scheme A CEO from New York is facing charges for his role in a $59 million cryptocurrency scheme where he touted phony technology to garner additional funding, federal officials announced.  Long Island resident Eddy Alexandre, age 50, of Valley Stream, the leader of a purported cryptocurrency and forex trading platform called EminiFX, has been charged with commodities fraud and wire fraud offenses, according to US Attorney Damian Williams. It is alleged that Alexandre solicited more than $59 million in investments from hundreds of individual investors after making false representations in con…

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by Zak Failla
Business
Mercedes-Benz Issues Recall For Nearly 300K Vehicles Due To Problem With Brakes Mercedes-Benz Issues Recall For Nearly 300K Vehicles Due To Problem With Brakes
Mercedes-Benz Issues Recall For Nearly 300K Vehicles Due To Problem With Brakes Mercedes-Benz announced a recall of nearly 300,000 vehicles in the US due to concerns over an issue with the brakes that could cause them to fail and increase the risk of a crash. The German automaker announced the recall on Thursday, May 12, which includes certain ML, GL, and R-Class models that were produced between 2006 and 2012. According to the National Highway Traffic Safety Administration (NHTSA), the issue comes when moisture gets into a brake booster housing, which can cause corrosion, leading to a vacuum leak and decreasing brake performance. There have been no reported crashes…

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by Zak Failla