Tag:

Financial Crime

Fire Company Financial Secretary In Region Admits Stealing $17K, DA Says Fire Company Financial Secretary In Region Admits Stealing $17K, DA Says
Fire Company Financial Secretary In Region Admits Stealing $17K, DA Says A financial secretary for a fire company in the region has admitted to stealing more than $17,000 from the department.  Orange County District Attorney David Hoovler announced on Friday, Nov. 1, that Lynn T. Simpson, age 43, of Wallkill, pled guilty to grand larceny in the Third Degree in connection with the theft of $17,947 from the parade fund of the Washington Heights Fire Company in Middletown.  As part of the plea agreement, Simpson will repay all the stolen money, Hoovler said. The department was scheduled to host a parade in September 2023, which includ…
$9.6M Scheme: NY Businessman Admits To Bank Fraud Conspiracy $9.6M Scheme: NY Businessman Admits To Bank Fraud Conspiracy
$9.6M Scheme: NY Businessman Admits To Bank Fraud Conspiracy The owner of a New York business admitted to running a multimillion-dollar check-kiting scheme to keep his company operating. Long Island resident John B. Mensch, age 54, pleaded guilty in connection with a nearly year-long fraud conspiracy involving banks in Suffolk County and the Hudson Valley, federal authorities announced Wednesday afternoon, Oct. 2. Mensch, of Quogue, faces up to five years’ imprisonment as well as financial penalties, including restitution to the two banks of approximately $9.6 million. According to court filings, Mensch was the owner and operator of East End, a…
$280K Scam: Father, Daughter Accused Of Stealing From Hudson Valley Woman $280K Scam: Father, Daughter Accused Of Stealing From Hudson Valley Woman
$280K Scam: Father, Daughter Accused Of Stealing From Hudson Valley Woman A man and daughter have been accused of stealing over $280,000 from a Hudson Valley resident. New York Attorney General Letitia James announced on Tuesday, Aug. 13, the indictments and arrests of Ulster County residents Frank Whittaker, age 56, of Kingston, and his daughter Christine Ellsworth, age 38, of Accord, for allegedly stealing more than $280,000 from a vulnerable elderly victim. After earning the trust of the victim, an Ulster County resident, by providing lawn maintenance and assisting with household tasks, Whittaker and Ellsworth gained access to the then-92-year-old’s checkbook …
NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds
NY Financial Advisor Stole Over $1M From Clients To Buy Car, High-End Clothing, Jury Finds A former investment adviser and founder of a New York financial advisory firm could spend decades in federal prison for conning his clients out of more than $1 million. Long Island resident Jeffrey Slothower, age 46, of Southampton, was found guilty of wire fraud and related charges by a jury in Central Islip federal court on Thursday, May 16. According to prosecutors, in 2017 Slothower targeted a California couple whose money he had managed at another financial services firm, promising them he could beat any rate of return they were receiving at his own firm, Battery Private. He offered t…
$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud $65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud
$65M Ponzi Scheme: Former NY Hedge Fund Manager Admits To Lending Fraud A former bond trader and hedge fund manager in New York could spend decades in federal prison for defrauding his friends and lending institutions out of over $65 million. Nassau County resident Jeffrey Parket, age 59, of Great Neck, pleaded guilty to wire fraud and bank fraud in federal court in Manhattan on Wednesday, Feb. 15. According to the US Attorney’s Office in the Southern District, Parket swindled his victims out of millions of dollars between 2016 and December 2021 by lying about his financial condition and pledging fake collateral in order to obtain short-term loans. He claime…
NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say
NY Woman Stole Over $1M From Elderly Man To Pay Off Boyfriend’s Debts, Police Say A New York woman is accused of stealing more than $1 million from an elderly man who entrusted her with his finances. Fulton County resident Gladys Griffith, age 49, of Perth, was arrested Thursday, Oct. 6, following an investigation by the Fulton County Sheriff’s Office. The first signs of potential wrongdoing surfaced in July 2022, when deputies were asked to do a welfare check on the victim following several suspicious transfers and withdrawals from his bank account, police said. That triggered a joint investigation consisting of several agencies, including the sheriff’s office, New Yo…