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Goshen, NY

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Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond A Bergen County businessman was arrested by federal agents on charges of orchestrating a massive market manipulation scheme that caused one of the biggest Wall Street trading collapses in history. Sung Kook “Bill” Hwang put the entire financial system at risk by conspiring with his former chief financial officer to boost profits for his Archegos Capital Management by lying to banks to inflate the stock prices of publicly traded companies, federal prosecutors said on Wednesday, April 27. The fraud scheme ballooned Hwang’s personal fortune from $1.5 billion to more than $35 billion in a singl…

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by Jerry DeMarco
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NJ Fertility Clinic Agrees To Pay State $495,000 Over Hack That Exposed 14,663 Patients' Data NJ Fertility Clinic Agrees To Pay State $495,000 Over Hack That Exposed 14,663 Patients' Data
NJ Fertility Clinic Agrees To Pay State $495,000 Over Hack That Exposed 14,663 Patients' Data A New Jersey fertility clinic agreed to pay the state nearly $500,000 to settle an investigation into a data breach that compromised the personal information of 14,663 patients, authorities said. The hack “allowed multiple instances of unauthorized access” to protected health information of patients of the Diamond Institute for Infertility and Menopause, LLC, which operates practices in Millburn, Dover and in Goshen, NY, Acting New Jersey Attorney General Andrew J. Bruck said Tuesday. “Inadequate data systems and protocols are every hacker’s dream,” state Division of Consumer Affairs Acting…

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by Jerry DeMarco