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Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
Trio From Long Island, Queens Nabbed For Alleged Mortgage Fraud Scheme, Feds Say
Three men from Long Island and Queens have been charged in a civil complaint they allegedly engaged in a wide-ranging mortgage scheme to defraud the government.
The complaint, unsealed on Monday, Jan. 4, alleges that Nassau County resident Michael Konstantinovskiy, of Roslyn Heights, and Queens residents Iskyo Aronov, of Middle Village, Ron Borovinsky, of Hollis Hills, and the companies they owned or controlled, engaged in fraudulent short sales of residential properties insured by the Federal Housing Administration (FHA), said Acting United States Attorney for the Eastern Distric…
MS-13 Gang Member Arrested In El Salvador For Long Island Murder
A fugitive member of the MS-13 street gang wanted for a murder on Long Island was located and arrested in El Salvador by a transnational anti-gang unit and the FBI, federal officials said.
José Jonathan Guevara-Castro, 25, also known as “Suspechoso,” an alleged member of MS-13, was arrested on Thursday, Aug. 13 in Acajutla, Sonsonate, El Salvador. for an alleged murder on Long Island.
Acting U.S. Attorney Seth DuCharme said that Guevara-Castro has been charged in a 24-count indictment, along with seven other MS-13 members, with racketeering offenses, murder and narcotics trafficking. …
