New Jersey investment firm owner pleads guilty to $6.9M fraud scheme spanning three decades
TRENTON, NJ — A New Jersey man admitted in federal court this week to orchestrating a $6.9 million investment fraud scheme that targeted nearly 50 victims over more than 30 years, many…
Local Scammer Bilked Man Out of $200,000 in Investment Funds
MANCHESTER TOWNSHIP, N.J. — A Manchester Township man has been charged with theft by deception after allegedly misusing more than $200,000 entrusted to him for investment purposes, authorities said. James Hankins, Jr.,…
Apple commits to $500 billion US investment following Trump meeting
WASHINGTON – Apple has announced plans to invest more than $500 billion in the United States over the next four years, marking the company’s largest-ever commitment to American jobs and manufacturing. The…
California man sentenced to nearly six years for $2 million investment fraud scheme
CHARLOTTE, N.C. – Gustavo Guzman, 61, formerly of Fullerton, California, has been sentenced to 70 months in prison and two years of supervised release for orchestrating an investment fraud scheme that defrauded…
Missouri felon admits to illegal gun purchases and $830,000 investment fraud
ST. LOUIS — A convicted felon has pleaded guilty to illegally acquiring dozens of firearms and defrauding two investors out of more than $830,000, federal prosecutors announced. Dennis Latour, 41, pleaded guilty…
New Jersey investment advisor admits to stealing $3 million from clients
TRENTON, N.J. — A former investment advisor from Bergen County has admitted to stealing more than $3 million from five clients to fund his gambling and lavish lifestyle, federal prosecutors announced Wednesday.…
NJ Broker-Dealer’s Registrations Revoked for Unsuitable Investment Recommendations
TRENTON, NJ – The New Jersey Bureau of Securities has revoked the registrations of Carlos Leston for recommending and selling unsuitable investments to elderly clients. The action was announced by Attorney General…
North Carolina man indicted for $600,000 investment fraud, identity theft
BALTIMORE — A North Carolina man was indicted for wire fraud, aggravated identity theft, and investment adviser fraud in connection with a scheme that defrauded at least 50 investors of over $600,000,…
Middlesex County Men Indicted in $6.7 Million Investment Fraud Scheme
TRENTON, NJ – Attorney General Matthew J. Platkin announced today that a state grand jury has indicted two men from Middlesex County for orchestrating a multi-million dollar investment fraud. Shahid Javed, 39,…
Tennessee Man Indicted for Million-Dollar Investment Fraud
KANSAS CITY, KAN. – A federal grand jury has indicted Alcides Roman, 65, of Lebanon, Tennessee, for allegedly defrauding investors of over $1 million through his business, Remain In Control. Roman faces…
New Jersey Woman Convicted of Investment Fraud in West Virginia
CLARKSBURG, WV — Diana Mae Fernandez, a 38-year-old woman from Bergenfield, New Jersey, pled guilty today to wire fraud in connection with an investment scheme that defrauded victims from West Virginia and…
New York Pledges $5.4 Million Investment in LGBTQ+ Community Initiatives
ALBANY, NY— Governor Kathy Hochul today announced a significant $5.4 million investment aimed at supporting the LGBTQ+ community in New York. This includes a $4.4 million allocation to the Harlem SGL•LGBTQ Center…
New Jersey Issues Cease and Desist Against Fraudulent Investment Recovery Operation
TRENTON, NJ — New Jersey’s Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today an emergency action against a fraudulent investment recovery scheme. The Division’s Bureau of Securities…
CEO Convicted for $28M Long-Running Investment Fraud Scheme
According to court documents and evidence presented at trial, Curtiss E. Jackson, 71, of Honolulu, was Semisub’s CEO in addition to holding other corporate positions, and fraudulently solicited investments in Semisub. Jackson…
Former CEO of dental device company pleads guilty to wire fraud for fraudulent investment scheme
Baird claimed S-Ray had developed an innovative ultrasound device that could take the place of X-rays, allowing dentists to quickly and safely image patients’ mouths. Baird falsely told investors that the Food…
New Jersey Police Warn of Investment Scam
MONROE TOWNSHIP, NJ – In early February, a Monroe Township resident fell victim to a scam falsely claiming to be from the Federal Trade Commission. The victim was tricked into believing their…
Chinese Critical Mineral Investment Has Exploded Since Biden Signed Landmark Climate Bill
Chinese Critical Mineral Investment Has Exploded Since Biden Signed Landmark Climate Bill Nick Pope on March 3, 2024 China has seen a huge increase in investment related to critical minerals essential for…
Investment Firm CEO Sentenced for Cherry-Picking Scheme
A chief executive officer of an investment firm has been sentenced to two years in prison, followed by 18 months of home confinement, and ordered to forfeit approximately $1.6 million for engaging…
San Carlos Man Arrested for Investment Fraud Scheme
SAN FRANCISCO – David Scott Cacchione, 59, of San Carlos, was arrested and charged with conspiracy to commit wire fraud related to an investment fraud scheme. This announcement was made by United…
Four Individuals Charged with Laundering Millions from Cryptocurrency Investment Scams Known as ‘Pig Butchering’
LOS ANGELES – Three Southland residents and a fourth defendant have been named in a seven-count indictment charging them with participating in a scheme to launder the proceeds of cryptocurrency investment scams…
Founder and Executive of Prior2IPO Indicted in Investment Fraud
A three-count indictment was unsealed this morning in federal court in Brooklyn charging Raymond John Pirrello, Jr., also known as “Ray John,” with securities fraud conspiracy, wire fraud conspiracy and securities fraud…