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Half-Million Dollar Scheme: Long Island Broker Admits Swindling Clients
A barred investment broker from Long Island has been admitted to tricking clients into giving him hundreds of thousands of dollars, which he then used to buy luxury cars, plane tickets, and more.
Peter Quartararo, age 57 of Glen Cove, pleaded guilty to his charges of grand larceny and more on Friday, Feb. 9, the Nassau County District Attorney announced.
According to the charges against him, Quartararo met with six victims from July 2018 through January 2021 and told them he had access to pre-initial public offering stock (or “pre-IPO”) in companies such as Peloton, WeWork, PetCo, and Ai…
Barred Nassau County Investment Broker Accused Of Stealing $80K, DA Says
A Long Island man was arraigned after he was accused of stealing more than $80,000 from people who believed they were investing in shares of Petco, DoorDash, and Airbnb.
Peter Quartararo, age 56, of Glen Cove, was arraigned on Tuesday, Aug. 31, and charged with second-degree and third-degree grand larceny, according to Acting Nassau County District Attorney Joyce Smith.
He is set to appear in court again on Wednesday, Oct. 20.
In August of last year, Quartararo allegedly introduced himself to the first victim, claiming to possess pre-initial public offering shares of DoorDash and offe…
Long Island Broker, Business Partner Charged For Alleged $436K Fraud Scheme, DA Says
A barred investment broker from Long Island and his business partner are facing charges for allegedly stealing hundreds of thousands of dollars from investors who thought they were getting in on the ground floor of major upcoming companies.
Glen Cove resident Peter Quartararo, the barred broker, and his partner, Paul Casella, of East Meadow, were arraigned on Tuesday, April 27 for allegedly stealing $436,000 from four investors to live a life of luxury, the District Attorney's Office announced.
Nassau County District Attorney Madeline Singas said that the investors believed they were invest…
