NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
Nevada man pleads guilty to $6.1 million investor fraud scheme
LAS VEGAS — A Nevada man admitted in federal court Thursday to orchestrating a multimillion-dollar investment fraud scheme, defrauding victims of more than $6.1 million over six years. Mykalai Kontilai, 55, of…
Real Estate Investor Admits to $54.7 Million Mortgage Fraud Scheme
TRENTON, NJ – Aron Puretz, a 53-year-old real estate investor from New Jersey, pleaded guilty today to participating in a sophisticated mortgage fraud conspiracy. Over several years, Puretz and his associates fraudulently…
DCNF Reporter Reveals How China-Linked Investor Owns Pentagon Contractor
DCNF Reporter Reveals How China-Linked Investor Owns Pentagon Contractor Harold Hutchison on March 16, 2024 A Daily Caller News Foundation reporter detailed how a Department of Defense (DOD) contractor is owned by…
New Jersey Investor Arrested for Operating $5 Million Ponzi Scheme at the Jersey Shore
NEWARK, NJ. – Vincent Dispoto Jr., a 66-year-old from Belmar, New Jersey, was arrested today on charges related to a fraudulent scheme spanning over three decades. The owner of the purported investment…
New Jersey Real Estate Investor and Online Influencer Charged with Multimillion-Dollar Investment Fraud Scheme
NEWARK, NJ. – A New Jersey real estate investor and influencer was arrested today for committing a multimillion-dollar Ponzi-like investment fraud scheme, U.S. Attorney Philip R. Sellinger announced. Cesar Humberto Pina, 45,…
Real Estate Investor Gets 2 Years for Mortgage Fraud
NEWARK, NJ – Anthony Garvin, a 53-year-old real estate investor from Jersey City, was sentenced to 24 months in prison today for his role in a home equity line of credit fraud…
‘Play To Our Strengths’: Big Oil Firm Recommits To Oil After Investor Backlash
‘Play To Our Strengths’: Big Oil Firm Recommits To Oil After Investor Backlash Aaron Life on June 14, 2023 Despite its long-term plan to move away from fossil fuels, Shell revealed Wednesday…
Inflation Stays Hot In January, Surging Past Investor Expectations
Inflation Stays Hot In January, Surging Past Investor Expectations John Hugh DeMastri on February 14, 2023 Inflation accelerated on a monthly basis in January, surging past investor expectations as prices continue to…
Individual Who Portrayed Himself as Experienced Stock Trader Sentenced to 30 Months’ Imprisonment for Defrauding Investor
Gonzalo Ortiz was sentenced yesterday in federal court in Brooklyn by United States District Judge William F. Kuntz II, to 30 months in prison for defrauding an investor of nearly $600,000 by…
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT
BlackRock, World’s Largest Asset Manager And Woke Investor, Set For Major Layoffs: REPORT John Hugh DeMastri on January 11, 2023 BlackRock, the world’s largest asset manager and possibly the most high-profile of…
Twin Cities House-Flipper Sentenced to Nearly 5 Years in Prison for $3 Million Investor Fraud Scheme
MINNEAPOLIS – A Twin Cities house-flipper was sentenced to 58 months in prison, followed by two years of supervised release, and ordered to pay $1,661,407.50 in restitution, announced U.S. Attorney Andrew M.…
Hudson County Real Estate Investor Admits Multi-Year Mortgage Fraud Scheme
NEWARK, N.J. – A Hudson County, New Jersey, real estate investor has admitted conspiring to orchestrate a fraudulent home equity line of credit scheme that led to over $400,000 in losses, U.S.…
CNBC’s Andrew Ross Sorkin Confronts Disgraced Crypto CEO With Scathing Letter From Investor
CNBC’s Andrew Ross Sorkin Confronts Disgraced Crypto CEO With Scathing Letter From Investor John Hugh DeMastri on November 30, 2022 CNBC anchor and financial journalist Andrew Ross Sorkin opened a Wednesday interview…
Investor Who Pumped Millions Into Bankrupt Crypto Exchange Says There Was ‘Nothing’ They Could Have Done Differently
Investor Who Pumped Millions Into Bankrupt Crypto Exchange Says There Was ‘Nothing’ They Could Have Done Differently John Hugh DeMastri on November 18, 2022 Doug Leone, billionaire venture capitalist at investment firm…
Concord Man Pleads Guilty to Defrauding Investor
BOSTON – A Concord man pleaded guilty yesterday in federal court in Boston to defrauding an investor of $72,000. Eric Lyons, 52, pleaded guilty to one count of investment advisor fraud before…
Jack in the Box Names New Vice President of Investor Relations
Chris brandon 14-year franchise restaurant industry veteran Chris Brandon, IRC, to join company June 7 San Diego, CA (RestaurantNews.com) Jack in the Box Inc. (NASDAQ: JACK) continues the strategic transformation of its…
‘We’re In Deep Trouble’: Billionaire Investor Says US Is Spiraling Toward A Debt Crisis
‘We’re In Deep Trouble’: Billionaire Investor Says US Is Spiraling Toward A Debt Crisis Harold Hutchison on September 28, 2022 A prominent billionaire investor said the U.S. faces a debt crisis…
Miami Resident Charged with Running $4.6 Million Ponzi Scheme, Spending Investor Money on Wedding and Vacations
MIAMI — South Florida federal prosecutors have charged Judith Dianne Paris-Pinder, 49, with defrauding people out of millions by lying about the nature of proposed investments (soon-to-be paid, lawyer-negotiated insurance company settlements)…
Famous Investor Who Predicted ’08 Market Crash Warns of ‘Tragedy’
Famous Investor Who Predicted ’08 Market Crash Warns of ‘Tragedy’ John Hugh DeMastri on September 1, 2022 One of Wall Street’s most famous investors has predicted that the U.S. stock market remains…
Jury Convicts San Francisco Broker And Investor Victor Makras For Fraud In Real Estate Loan
SAN FRANCISCO – A federal jury today convicted Victor Makras, a prominent San Francisco real estate broker and investor, of making false statements to a bank and of bank fraud tied to…