Tag:

Financial Fraud

NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced NY Man Who 'Lived Large' Off $1 Million Ponzi Scheme Sentenced
Glen Cove Investment Broker Who Ran 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 …
NY Law Requiring Businesses To Warn Customers Of Gift Card Scams Takes Effect NY Law Requiring Businesses To Warn Customers Of Gift Card Scams Takes Effect
NY Law Requiring Businesses To Warn Customers Of Gift Card Scams Takes Effect Leaders in New York have given consumers another tool in their belt to help fend off would-be fraudsters. New legislation that went into effect on Tuesday, June 20, requires businesses that sell gift cards in New York to post a notice warning customers about gift card scams. Notices must be posted near where any gift card or gift certificate is displayed or sold. The law was introduced by Long Island State Sen. Kevin Thomas, a Democrat whose 6th Senate District covers central Nassau County. Thomas chairs the senate’s Consumer Protection Committee. “I am happy to see the Department of St…
Embattled NY Rep. George Santos 'Proudly' Announces Re-Election Bid: 'We Need A Fighter' Embattled NY Rep. George Santos 'Proudly' Announces Re-Election Bid: 'We Need A Fighter'
Embattled NY Rep. George Santos 'Proudly' Announces Re-Election Bid: 'We Need A Fighter' Just 104 days after taking office, embattled New York Congressman George Santos “proudly” announced that he is running for re-election. Santos, whose 3rd District represents parts of Nassau County and Queens, made it official in a statement released Monday, April 17, in which he touted his re-election campaign as being “about TAKING BACK our country and restoring greatness back to New York.” Related Report: Nassau Rep. George Santos Confesses To Defrauding Brazilian Clerk Of $1,300 In Clothing: Report The freshman Republican, age 34, claimed he’s already made “significant efforts” to fulf…
$52M Scheme: 10 Charged By Feds In Fraud Case Targeting Westchester-Based Company $52M Scheme: 10 Charged By Feds In Fraud Case Targeting Westchester-Based Company
$52M Scheme: 10 Charged By Feds In Fraud Case Targeting Westchester-Based Company Ten people have been charged in connection with a massive scheme to defraud a leading cargo airline based in New York of tens of millions of dollars in revenue and the services of its employees, federal authorities announced. The 10 charged are: Connecticut resident Abilash Kurien, age 45, of Wilton in Fairfield County; Hudson Valley resident Carlton Llewellyn, age 55, of Highland Mills in Orange County; Long Island resident Robert Schirmer, age 58, of Port Jefferson Station; Queens resident Patrick Lau, 43, of Flushing; Lars Winkelbauer, age 47, of Bangkok, Thailand; Skye …
NY AG Suing Donald Trump, 3 Of His Children For Financial Fraud NY AG Suing Donald Trump, 3 Of His Children For Financial Fraud
NY AG Suing Donald Trump, 3 Of His Children For Financial Fraud New York's Attorney General announced that she has filed a $250 million civil lawsuit against Donald Trump and three of his adult children for financial fraud. The AG, Letitia James, said in a press conference in New York City just before noontime on Wednesday, Sept. 21 that Trump "repeatedly and persistently" misstated the value of assets. "The complaint demonstrates Donald Trump inflated his net worth by billions of dollars," said James, who also named Donald Trump Jr., Ivanka Trump, and Eric Trump in the suit.  The 222-page complaint details 23 examples of inflating asset…
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims
NY Man Sentenced For Role In $12M Ponzi Scheme Targeting Nearly 50 Victims A New York man was sentenced for his role in a $12 million Ponzi scheme that targeted nearly 50 victims from throughout the region and the nation between 2015 and 2017. Long Island resident Matthew Eckstein, age 52, of Syosset, was sentenced on Monday, July 11 to three-and-a-half to 10-and-a-half years in prison. Eckstein originally pleaded guilty to the charges on September 26, 2019, but later withdrew his plea. A new indictment was secured in August 2020, but court closures related to the COVID-19 pandemic further delayed the case. “This defendant preyed upon seniors and hard-working men…
Court Rules That Trump, Ivanka, Don Jr. Must Testify About Their Business Practices Court Rules That Trump, Ivanka, Don Jr. Must Testify About Their Business Practices
Court Rules That Trump, Ivanka, Don Jr. Must Testify About Their Business Practices Former President Donald Trump and his two eldest children have been ordered to testify as New York Attorney General Letitia James continues her years-long probe into his company’s business dealings. On Thursday, Feb. 17, James announced that she had won a major victory in her office’s civil investigation into the former president and the Trump Organization’s business practices. Earlier story - NY AG Files Motion To Block Trump Lawsuit Interfering With Her Investigation New York State Supreme Court Judge Arthur Engoron ruled that Trump, Ivanka Trump, and Donald Trump, Jr. must all appear fo…
Don't Let Them Break Your Heart: FBI Issues Alert For Romance Scams Don't Let Them Break Your Heart: FBI Issues Alert For Romance Scams
Don't Let Them Break Your Heart: FBI Issues Alert For Romance Scams While Valentine's Day is a time for romantic gestures, the FBI has issued an alert to the public about romance scams.  The agency said in an alert on Monday, Feb. 14, that the scams take place when a criminal adopts a fake identity online to get the victim's trust and uses the close relationship to manipulate and/or steal from the victim. "The criminals who carry out romance scams are experts at what they do and will seem genuine, caring, and believable," the FBI said. "Con artists are present on most dating and social media sites." The FBI said eventually the scammer will ask the vic…
Ivanka Trump, Don Jr. Subpoenaed In NY AG Probe Ivanka Trump, Don Jr. Subpoenaed In NY AG Probe
Ivanka Trump, Don Jr. Subpoenaed In NY AG Probe Former President Donald Trump’s two eldest children have been the latest to be subpoenaed by the New York Attorney General’s Office as it investigates the family’s business practices. On Monday, Jan. 3 news leaked that Ivanka Trump and Donald Trump, Jr. have been subpoenaed by New York Attorney General Letitia James as she continues her yearslong investigation into the Trump Organization. The AG's office previously subpoenaed Donald Trump for testimony and set a deadline of Friday, Jan. 7, though the former president's lawyers have said they would move to block the action. Eric Trump, an …
'High Probability' Human Remains Found Are Brian Laundrie's, Family Attorney Tells Daily Voice 'High Probability' Human Remains Found Are Brian Laundrie's, Family Attorney Tells Daily Voice
'High Probability' Human Remains Found Are Brian Laundrie's, Family Attorney Tells Daily Voice Updated story: Remains Found At Florida Reserve Identified As Brian Laundrie, FBI Says The attorney for Brain Laundrie's family says there is a high probability the remains found in a Florida nature reserve are those of their son. Steven Bertolino told Daily Voice on Thursday, Oct. 21, that "the probability was high, that it is Brian's remains" found by the FBI. On Wednesday, Oct. 20, law enforcement authorities in Florida, including the FBI and the North Port Police, found a backpack and a notebook they believe belong to Laundrie, age 23, near the suspected remains while they were search…
Disbarred Northern Westchester Attorney Sentenced For Stealing $1M From 9/11 Victim Funds Disbarred Northern Westchester Attorney Sentenced For Stealing $1M From 9/11 Victim Funds
Disbarred Northern Westchester Attorney Sentenced For Stealing $1M From 9/11 Victim Funds A disbarred attorney from Northern Westchester will spend time behind bars after he admitted to stealing approximately $1 million that was rewarded to one of his clients from the 9/11 Victim Compensation Fund. Yorktown Heights resident Gustavo Vila has been sentenced to 51 months in prison after pleading guilty in White Plains Federal Court for stealing from his client, who was a first responder who suffered life-threatening medical conditions while cleaning up the crash site at Ground Zero. The Victim Compensation Fund was created in the wake of the terror attack to provide government fund…
Discovery Of Body In Hudson Valley May Be Linked To Shooting Involving Family Of Federal Judge Discovery Of Body In Hudson Valley May Be Linked To Shooting Involving Family Of Federal Judge
Discovery Of Body In Hudson Valley May Be Linked To Shooting Involving Family Of Federal Judge Click here for an updated story: ID Released For Man Found Dead In Sullivan County After Allegedly Killing Federal Judge's Son A body found in the Hudson Valley may be linked to the shooting death of the son and wounding of the husband of a federal judge just assigned to a financial fraud case tied to the late convicted sex offender billionaire Jeffrey Epstein and the wounding of her husband, according to a new report. The fatal gunshot wound victim was discovered on a roadway in the Sullivan County town of Rockland on Monday morning, July 20. A town employee reportedly made the d…
Son Of Federal Judge Assigned Case Linked To Jeffrey Epstein Slain, Husband Critical In Attack Son Of Federal Judge Assigned Case Linked To Jeffrey Epstein Slain, Husband Critical In Attack
Son Of Federal Judge Assigned Case Linked To Jeffrey Epstein Slain, Husband Critical In Attack Click here for an updated story: Body Found In Sullivan County May Be Linked To Shooting Involving Judge The son of a federal judge just assigned to a financial fraud case tied to the late convicted sex offender billionaire Jeffrey Epstein was killed and her husband critically injured after both were shot by a gunman dressed as a FedEx deliveryman at their New Jersey home, according to authorities. Daniel Anderl, 20, was shot immediately after the door to the house in North Brunswick Township was opened around 5 p.m. Sunday, July 19, reports said. Judge Esther Salas' hus…
COVID-19: Alert Issued For Contact Tracer Scam COVID-19: Alert Issued For Contact Tracer Scam
Covid-19: Alert Issued For Contact Tracer Scam Fraudsters posing as contact tracers have been exploiting the COVID-19 crisis to ascertain personal information from residents in the region. Multiple reports of scammers posing as COVID-19 contact tracers have been reported since the pandemic began, prompting officials to issue an alert and provide guidance on how to avoid becoming a victim. Officials said that the imposters claim to work on behalf of local law enforcement or health departments and are required to install contact tracing software onto their victims’ computers. The scammers have threatened fines, asked for personal financi…
Ex-Broker-Dealer CEO From Long Island Charged With Lying To Feds Ex-Broker-Dealer CEO From Long Island Charged With Lying To Feds
Ex-Broker-Dealer CEO From Long Island Charged With Lying To Feds The former CEO and an employee of a broker-dealer firm were arrested this week and charged with allegedly cooking the books and submitting false reports to the SEC. Long Beach resident Alan Seidel, 73, the former CEO of Seidel & Co. LLC, and New Jersey resident Benjamin Mekaway, 37, were arrested on Monday, Dec. 23, U.S. Attorney Geoffrey Berman announced. They were charged with falsifying the books of the company and submitting false reports to the SEC regarding the company’s net capital and staff. Berman said that the two falsified the financial records of the company to obscure the …
LI Ponzi Scheme Victims Getting $5 Million Back LI Ponzi Scheme Victims Getting $5 Million Back
LI Ponzi Scheme Victims Getting $5 Million Back The investors in a multi-million dollar Ponzi scheme run in part by a Long Island scammer have received millions in restitution. Nassau County District Attorney Madeline Singas announced that 48 victims of Pennsylvania’s Kevin Brody and Syosset resident Matthew Eckstein - who were arrested last year for their role in the scheme - received restitution checks that totaled approximately $4.6 million. Last year, it was determined that Eckstein and Brody scammed a total of $12 million from 50 people - many of whom were senior citizens - while acting as financial advisers. In reality, the money t…