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Feds: Ponzi Schemer Funded House, Car, More With $6.8M From Investors In NJ, Elsewhere
New Jersey residents were among more than two dozen victims who lost a combined $6.8 million to a North Carolina con man running a Ponzi scheme, federal authorities charged.
David Schamens, 64, of Greensboro, NC, promised annual return rates of 12% to 30% when he began soliciting investments in 2014 in Secaucus-based TradeStream Analytics LTD, as well as in other entities with names such as TD Trading LLC, TFG Trading LLC, and Tradedesk Financial Group Inc., U.S. Attorney Philip R. Sellinger said.
He then launched Tradestream Algo Fund, an algorithm-based trading pool that he clai…
Heroes: Officers Justified In Gunning Down Heavily Armed Irvington Killer, Grand Jury Finds
A New Jersey grand jury has cleared a trio of hero police officers from Irvington who gunned down a rifle-wielding man after he'd killed an unarmed civilian and wounded two of them.
Kaizen Crossen, 39, had shot and killed Jason Caudle, a father of two, point-blank in the chest when responding officers confronted him in the 300 block of Myrtle Avenue on Aug. 8, 2019, state Attorney General Gurbir S. Grewal said Thursday.
Crossen, who was wearing an Army fatigue vest filled with ammunition, exchanged gunfire with the officers before shots to his shoulder and thigh brought him down, Grewal sai…
