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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: Manhasset Man Among Trio Charged By Feds
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…
Westchester Postal Carrier Took Credit Cards, Checks From Mail, Stole Identities: Feds
A Westchester County postal carrier from Long Island faces federal charges after taking credit cards, checks, and identities from the mail to steal money from those along her route, officials announced.
Nassau County resident Tameka Babulal of Hempstead, age 36, was arrested in connection with the alleged identity theft scheme on Wednesday, May 22, the US Attorney's Office for the Southern District of New York announced.
Babulal, a mail carrier who worked in the Westchester County city of Mount Vernon, was arrested along with her husband, Hempstead resident 36-year-old Joel Babul…
Covid-19: NY Duo Steals $8M From Company Seeking Surgical Masks, Feds Say
Two New York residents are accused of conning a medical supply company out of millions of dollars in the early days of the COVID-19 pandemic.
Long Island resident Jonathan Cannon, age 58, of Miller Place, and Erie County resident Julie Dotton, age 51, of Orchard Park, are both charged with wire fraud in a complaint unsealed in Central Islip federal court on Thursday, May 2.
According to prosecutors, a Canadian company serving as an official provider of personal protective equipment paid Cannon and Dotton $8.2 million for surgical masks needed due to the pandemic.
In exchange, Dotton agreed…
Covid-19: Ex-Court Officer From Valley Stream Sentenced For $770K Loan Fraud Scheme
Two former government employees from Long Island will spend more than a year in federal lockup for defrauding loan programs meant to help businesses impacted by the COVID-19 pandemic.
Arthur Cornwall, age 43, of Babylon, and Sean Williams, age 42, of Valley Stream, were each sentenced to 18 months in prison in Central Islip federal court on Wednesday, March 20, after pleading guilty to wire fraud.
Prosecutors said Cornwall, a former signal maintainer with the New York City Transit Authority, and Williams, a former New York State Court officer, received nearly $770,000 in small business loan…
$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 …
Long Island Twins Trick Clients Out Of $5 Million Investment Advising Fraud, Feds Say
A pair of twin brothers and investment advisors are facing 20 years in prison after allegedly defrauding clients out of millions.
The brothers, Adam and Daniel Kaplan, both age 34 and hailing from Great Neck, were indicted on charges of wire fraud, money laundering, and more, the US District Attorney’s Eastern District of New York announced on Tuesday, July 25.
Adam and Daniel, between May 2018 and November 2022, took on hundreds of clients as investment advisors from New York all the way to Arizona, according to the indictment and public records.
During that time, the brothers used thei…
