Tag:

Ponzi Scheme

NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced
NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced A former New York investment broker has received a lengthy stay in prison for running a million-dollar Ponzi scheme. Long Island resident Rand Heckler, age 67, of Glen Cove, was sentenced to up to seven-and-a-half years in prison on Wednesday, May 15, the Nassau County District Attorney (NCDA) announced. Heckler was an investment broker in 2015 when he began his scheme, recommending that his friend and his friend’s son that they invest in a hedge fund of stocks and securities that Heckler was managing. Original Story - $1 Million Ponzi Scheme: Glen Cove Investment Broker Pleads …
Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme
Westchester Man, Partner Sentenced For Roles In $1M Ponzi Scheme A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme. White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation. On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced. As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce
Bernie Madoff Ponzi Scheme Victims To Get $372M More In Distributions, Feds Announce Thousands of Bernie Madoff’s Ponzi scheme victims will be receiving their portions of the latest distribution of more than $370 million. US Attorney for the Southern District of New York Damian Williams announced that the Madoff Victim Fund will be distributing approximately $372 million to 40,000 victims worldwide who were involved in the fraud scheme. Earlier Report: Madoff Ponzi Scheme Victims To Get Nearly $500M More In Distributions To date, approximately $4 billion has been distributed to Madoff’s victims. Williams said that this eighth payment will bring the victims’ total re…