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$12M Fraud: NY Man Cons Developers Out Of Millions To Buy Luxury Cars, Yachts, Feds Say $12M Fraud: NY Man Cons Developers Out Of Millions To Buy Luxury Cars, Yachts, Feds Say
$12M Fraud: NY Man Cons Developers Out Of Millions To Buy Luxury Cars, Yachts, Feds Say A New York man is among two people facing federal charges for allegedly conning commercial developers out of millions of dollars to fund a lavish lifestyle. Long Island resident Joseph Malvasio, age 65, of Bridgehampton and Fort Lauderdale, Florida, is named in an indictment unsealed by the US Attorney’s Office in the Southern District on Thursday, Aug. 10. According to prosecutors, Malvasio conspired with 57-year-old Gregg Marcus, of Bay Harbor Islands, Florida, to run an advance-fee scheme through their business, Global Capital Partners Fund LLC. The duo falsely claimed that the company …

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by Michael Mashburn
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Long Island Couple Accused Of Operating Major Drug Operation Long Island Couple Accused Of Operating Major Drug Operation
Long Island Couple Accused Of Operating Major Drug Operation A local couple has been indicted for allegedly running a high-level crack cocaine and powder cocaine trafficking operation on Long Island.  Suffolk County District Attorney Timothy D. Sini and the District Attorney’s Heroin Task Force announced on Monday, Sept. 13, the indictment of the Ronkonkoma couple being major players in the illegal drug business.  “These defendants are each charged with a top count of Operating as a Major Trafficker, which is a serious charge for serious drug traffickers,” Sini said. “They used the profits of their alleged drug trafficking operation to fund…

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by Kathy Reakes