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$9.6M Scheme: Businessman Admits To Fraud Involving Banks, Including 1 In Hudson Valley
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…
Last Full-Size Kmart Store In US, Located In NY, Set To Close: Here's Where, When
The nation's last remaining full-size Kmart discount department store is just weeks away from permanently closing, according to a new report.
The New York store, located on Long Island, will close on Sunday, Oct. 20, a store employee told NBC affiliate WJAR in Providence on Sunday, Sept. 22.
The store is in Bridgehampton on Montauk Highway (Route 27).
A smaller format store in Miami, Florida remains open, the report said.
Kmart operated around 2,500 stores at its peak in the early 90s, according to government filings. It merged with Sears in 2005.
Earlier remaining full-size Kmart stores…
