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…
White Plains Investment Adviser Sentenced To 63 Months In Federal Prison For Embezzlement
Damian Williams, the United States Attorney for the Southern District of New York, announced that GREGG BRIE, an investment adviser in White Plains, New York, was sentenced yesterday in White Plains federal…
South Bay Man Sentenced to Over 8 Years in Prison for Movie Investment Scam and for Fraudulently Selling House Bought with Illicit Proceeds
LOS ANGELES – A South Bay man was sentenced today to 97 months in federal prison for defrauding Asian investment firms out of $14 million by falsely claiming the money would…
Owner Of Crowdfunding Real Estate Investment Company Sentenced To Federal Prison For Mail Fraud
Jacksonville, Florida – U.S. District Judge Timothy J. Corrigan has sentenced Daniel Summers (69, St. Augustine) to 21 months in federal prison for mail fraud. As part of his sentence, the court…
Owner And Principal Of Investment Fund Sentenced To Three Years In Prison For Insider Trading And Investment Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced today that DONALD BLAKSTAD, the owner and principal of a California-based investment fund, was sentenced today in Manhattan…
California Attorney Pleads Guilty To Multimillion-Dollar Investment Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced that DEREK JONES, an attorney currently suspended from practicing law in California, pled guilty today to charges of…
Bergen County Investment Advisor Arrested for Stealing Millions from Clients
NEWARK, N.J. – A former broker and investment advisor from Bergen County, New Jersey, was arrested today for allegedly stealing more than $2.86 million from five clients in order to pay for…
New Jersey cracking down on fraudulent cryptocurrency investment schemes
NEWARK – Acting Attorney Andrew J. Bruck today announced that the Bureau of Securities has issued five orders to companies touting fraudulent investment opportunities relating to cryptocurrencies, directing them to stop operating…
10 Foreign Nationals Charged In Years-Long, Multimillion-Dollar Investment And Impersonation Scheme
Damian Williams, United States Attorney for the Southern District of New York, Philip R. Bartlett, Inspector in Charge of the New York Office of the U.S. Postal Inspection Service (“USPIS”), Thomas Fattorusso,…
Former Destin Area Man Federally Indicted for Investment Fraud Scheme and Money Laundering
PENSACOLA, FLORIDA – John E. Acker, 52, formerly of Santa Rosa Beach, has been charged with 37 counts of wire fraud and 7 counts of money laundering. The indictment was announced today…
Chicago Investment Manager Sentenced to 17 Years in Federal Prison for Swindling $10 Million From Clients and Lenders
CHICAGO — A Chicago investment manager who swindled more than $10 million from clients and lenders has been sentenced to 17 years in federal prison. SHAWN BALDWIN owned and controlled various investment…
Phil Murphy announces $700 million childcare investment with monthly assistance
TRENTON – Governor Phil Murphy and Human Services Acting Commissioner Sarah Adelman today announced plans to invest more than $700 million to help parents pay for child care, provide bonus pay to child…
Grand Blanc Man and Flint Woman Sentenced in Fraudulent Investment Scheme
FLINT – A former pastor and his associate have been sentenced for their role in a multi-year Ponzi scheme that defrauded more than 140 individuals from multiple states out of nearly $9.3…
West Palm Beach Investment Fraudster Guilty of Wire Fraud, Victim Losses in the Millions
Miami, Florida – Fifty-four-year-old West Palm Beach, Florida resident Salvatore Renaldi pled guilty this week in South Florida federal district court to orchestrating and running two investment fraud schemes that led victims…
Loves Park Investment Advisor Pleads Guilty to Fraud Charge for Misappropriating More Than $950,000 in Customer Funds
ROCKFORD — A Loves Park investment advisor pleaded guilty today before U.S. District Judge Iain D. Johnston to wire fraud. NASEEM SALAMAH, 40, was an investment advisor who fraudulently obtained more than…
Owner Of New York Investment Fund Sentenced To Seven Years In Prison For Orchestrating $26 Million Scheme To Defraud Investors
Audrey Strauss, the United States Attorney for the Southern District of New York, announced today that BRENT BORLAND, the owner and principal of a New York-based investment fund known as Belize Infrastructure…
Lexington Man Sentenced to 120 Months for Investment Fraud
LEXINGTON, Ky. —A Lexington, Ky., man, William S. Evans, III, 69, was sentenced to 120 months in federal prison Tuesday, by U.S. District Court Judge Karen K. Caldwell, for commodities fraud and…
Virginia Beach Investment Advisor and Williamsburg Attorney Sentenced for $25 Million Nationwide Investment Fraud Scheme
NORFOLK, Va. – A former Virginia Beach investment advisor was sentenced today to 35 years in prison, following last week’s sentencing of his Williamsburg-based attorney to 10 years in prison, for their…
Chevy Chase Man Facing Federal Indictment for Allegedly Posing as an Investment Advisor to Steal $750,0000 From a Non-Profit Organization Providing Services to Combat and Wounded Military Veterans
Greenbelt, Maryland – A federal grand jury has returned an indictment charging Brian McQuade, age 70, of Chevy Chase, Maryland, for the federal charges of wire fraud related to a scheme to…