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$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors.
Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud.
Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud.
The verdict came after an eight-week trial.
When sentenced on Thursd…
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced.
The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes."
“By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…
Man Wins '$1,000 A Day For Life' Lottery Prize From Ticket Purchased In Hudson Valley
A New York man has claimed a "$1,000 A Day For Life" lottery prize from a ticket purchased in the Hudson Valley.
Osman Antonio Calderon Linarte, of Brooklyn, claimed the top prize from the Sunday, March 27, CASH4LIFE drawing, New York Lottery announced on Monday, May 2.
NY Lottery reported that the winning ticket was purchased in Dutchess County at Smokes 4 Less, which is located at 982 Main St. in Fishkill.
He received his prize as a single, lump-sum payment of $4,285,680 after required withholdings, NY Lottery reported.
Calderon Linarte told NY Lottery he plans to use the fun…
Former Long Island Investment Adviser Accused Of Stealing $400K From Clients
A Long Island man has been arrested and charged with allegedly defrauding his former clients of more than $400,000 that he used to pay his personal debts and expenses, including casino gambling debts and credit card bills.
Apostolos Pitsironis, age 52, of Dix Hills, a former registered investment advisor, and broker, was arrested on Wednesday, Feb. 10 in Dix Hills, said Seth D. DuCharme, Acting U.S. Attorney for the Eastern District of New York.
In approximately 2009, Pitsironis, who worked in the Melville office of a financial services firm, began managing the investments of a married…
