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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…
Married State Police Couple Lied About Jersey Shore Bar Brawl, NJ Attorney General Charges
Video shows that a married New Jersey State Police detective couple lied when they claimed they weren’t involved in a North Wildwood bar fight early last year, Attorney General Gurbir S. Grewal said Thursday.
Detective Sgt. 1st Class Gregory Ogden, 52, and Detective Sgt. Dorothy Ogden, 46, both of Hammonton, received summonses Thursday charging them with falsifying or tampering with records, Grewal said.
Video from the bar shows Gregory Ogden pushing people and trying to get at a man who bouncers were escorting out of the Exit 6 bar on Feb. 20, 2020, the attorney general said.
Ogen is seen…
