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JPMorgan Chase

$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says $4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says
$4.3B Now Recovered For Madoff Ponzi Scheme Victims, DOJ Says More than $4.3 billion has now been recovered for victims of Bernie Madoff’s massive and infamous Ponzi scheme, the Justice Department announced, as part of a decade-long effort that has compensated over 40,000 people worldwide for nearly 94 percent of their losses. The DOJ says  its 10th and final distribution from the Madoff Victim Fund (MVF), provided more than $131 million to over 23,000 victims. The latest distribution marks the culmination of a decade-long effort to recover and return forfeited funds tied to Madoff's fraudulent investment empire. Most victims, primarily small inv…
$127M Scheme: Business Owner From Rockland Admits To Being Major Figure In Scam, Feds Say $127M Scheme: Business Owner From Rockland Admits To Being Major Figure In Scam, Feds Say
$127M Scheme: Business Owner From Rockland Admits To Being Major Figure In Scam, Feds Say A marketing company owner from Rockland County admitted in federal court that he was a major figure in scamming Medicare, TRICARE, and other benefit programs out of $127 million. Eric Karlewicz, age 44, of Chestnut Ridge, participated in a “circular scheme of kickbacks and bribes” with doctors, durable medical equipment businesses, and telemedicine companies to pull off the massive con, US Attorney Vikas Khanna said. Karlewicz – also known as Anthony Mazza -- used his considerable cut from $63.8 million in payoffs to buy himself a fleet of luxury vehicles that included a Ferrari, a Lamborgh…
Former NY Legislator, Ex-Girlfriend Both Convicted Of Defrauding Business Of $250K Former NY Legislator, Ex-Girlfriend Both Convicted Of Defrauding Business Of $250K
Former NY Legislator, Ex-Girlfriend Both Convicted Of Defrauding Business Of $250K A former county legislator in New York and an accomplice from Connecticut have been convicted by a jury of scamming a business out of more than a quarter of a million dollars. George Guldi, who served as a Long Island legislator representing the South Fork of Suffolk County, and Litchfield County resident Victoria Davidson, of Lakeville, Connecticut, defrauded Ditech Financial LLC, a mortgage lender, Damian Williams, the United States Attorney for the Southern District of New York, announced. “George Guldi, while in prison, concocted and conducted a scheme along with his co-consp…