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American Express

Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

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by Chris Spiker
Politics
Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor
Trump Names Ex-sec Chief To Replace Damian Williams As Sdny's Top Prosecutor President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania.  Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York.  Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job." Before that, he…

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by Ben Crnic
News
'Bust-Out' Sentence: Man Steals $290K Using Fake Credit Cards In Long Island Scam 'Bust-Out' Sentence: Man Steals $290K Using Fake Credit Cards In Long Island Scam
'Bust-Out' Sentence: Man Steals $290K Using Fake Credit Cards In Long Island Scam Officials announced that a man has been sentenced to time behind bars for a “bust-out” scam in which he opened credit cards in other people’s names — including people who have died — to make expensive purchases that he could then resell. On Wednesday, July 26, 58-year-old John Chen was sentenced to three-and-a-half to seven years in prison for charges related to the scam, the Nassau County District Attorney announced. Between November 2020 and December 2021, American Express investigators noticed that about 10 cardholders were making similar expensive purchases at the same stores. The majo…

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by Sophie Grieser
Police & Fire
$600,000 Stolen: Long Island Yacht Club Bookkeeper Sentenced, DA Says $600,000 Stolen: Long Island Yacht Club Bookkeeper Sentenced, DA Says
$600,000 Stolen: Long Island Yacht Club Bookkeeper Sentenced, DA Says Over the course of seven years, the woman siphoned club funds into her personal accounts and falsified business records, authorities report. Anna Maria Restrepo, a 59-year-old Glen Head resident, was sentenced on Thursday, April 27 to three to six years in prison on grand larceny charges, the Nassau County District Attorney announced. Restrepo (who is also known as Anna Maria Saboski), had been stealing hundreds of thousands from the Seawanhaka Corinthian Yacht Club for nearly her whole employment with the club. According to the District Attorney, Restrepo was hired as a bookkeeper and …

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by Sophie Grieser
News
Former Long Island Radio Station Manager Admits To Defrauding Company Of Thousands Former Long Island Radio Station Manager Admits To Defrauding Company Of Thousands
Former Long Island Radio Station Manager Admits To Defrauding Company Of Thousands The former general manager of a Long Island radio station has admitted to making hundreds of thousands of dollars of personal charges on the business account. Stephanie Bitis, of Sag Harbor, pleaded guilty on Monday, Nov. 16, in federal court to felony access device fraud, according to court documents. Bitis’ crime carries a maximum sentence of imprisonment of 15 years, a fine of up to $250,000, and forfeiture of any proceeds from her crime. The longtime resident and community activist served as Vice President/General Manager of LIRB from 2015 to 2017. She had previously worked at&nbs…

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by Kathy Reakes
News
Teen Social Media Star Accused Of Stealing Area Woman's Identity For Spending Spree Teen Social Media Star Accused Of Stealing Area Woman's Identity For Spending Spree
Teen Social Media Star Accused Of Stealing Area Woman's Identity For Spending Spree A teenage social media influencer from California has been accused of stealing a New York woman’s identity to take her for thousands of dollars to pay for a lavish vacation and high-end clothing accessories. Christian Aaron, 19, has been indicted on charges that include two counts of identity theft and grand larceny. The teenager has pleaded not guilty and was ordered by a State Supreme Court Justice to be held in lieu of a $15,000 cash bail or $30,000 bond. The indictment alleges that Aaron and a co-conspirator ascertained the Suffolk County victim’s American Express account informati…

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by Zak Failla