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…
BROOKLYN, NY — A licensed Brooklyn financial advisor has been indicted for allegedly orchestrating a Ponzi scheme that defrauded 10 clients out of approximately $1.24 million over nearly a decade,…
MIAMI — Efrain Betancourt, Jr., 36, a Colombian citizen, was arrested last week upon entering the United States and charged with orchestrating a $66 million Ponzi scheme through his South…
GLEN COVE, NY – Nassau County District Attorney Anne T. Donnelly announced today that Rand Heckler, a 67-year-old former investment broker from Glen Cove, was sentenced to a term of…
NEW YORK, NY – James Robinson and David Kennedy, principals of the Spain-based United Property Group, have pleaded guilty to wire fraud conspiracy in connection with a scheme that defrauded…
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…
A superseding indictment was unsealed yesterday charging an Australian national and a California man with operating a cryptocurrency Ponzi scheme that defrauded victims of more than $25 million. According to…
SANTA ANA, California – A San Fernando Valley man was sentenced today to 87 months in federal prison for scheming with his brother to fraudulently obtain more than $7 million…
Di pengadilan federal di Brooklyn, Dakwaan 16 dakwaan dan 16 dakwaan pengganti telah dibuka segelnyadalam penuntutan warga negara Indonesia bernama Francius Marganda yang melakukan penipuan sekuritas, penipuan kawat, pencucian uang…
A 16-count indictment and 16-count superseding indictment were unsealed in federal court in Brooklyn charging Indonesian national Francius Marganda with securities fraud, wire fraud, money laundering and related conspiracy counts…
MINNEAPOLIS – A Shakopee man has been sentenced to 51 months in prison, three years of supervised release, and ordered to pay $3.1 million in restitution for operating a fraudulent…
CLEVELAND, OH – Paul Kimmins Lebo, a 41-year-old Lakewood resident, was sentenced to 48 months in prison for wire fraud related to a Ponzi scheme. U.S. District Judge Charles E.…
BERGEN COUNTY, NJ – On Friday, Chander Singh of Teaneck, New Jersey was sentenced to 8 years in New Jersey State Prison for money laundering related to a Ponzi scheme.…
MINEOLA, NY – Rand Heckler, 67, a former investment broker from Glen Cove, pleaded guilty yesterday before Judge Terence Murphy to one count of Grand Larceny in the Second Degree…
New York, NY – Canton, Michigan resident Franklin Ray, a recidivist fraudster, pled guilty today to multiple counts of wire fraud, including one count of wire fraud while released under…
Damian Williams, the United States Attorney for the Southern District of New York, and Daniel B. Brubaker, Inspector in Charge of the New York Division of the U.S. Postal Inspection…
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 ROCHESTER, N.Y. – U.S. Attorney Trini E. Ross announced today that Paul LaRocco, 60, of Ocala, Florida, who was convicted of mail…
By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could…
Tacoma – An unlicensed “investment advisor” from Vancouver, Washington, was sentenced today in U.S. District Court in Tacoma to 75 months in prison for mail fraud in connection with his…
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Arley Ray Johnson, age 63, of Bowie, Maryland, yesterday to 78 months in federal prison, followed by three years of…
Damian Williams, the United States Attorney for the Southern District of New York, announced the arrest in Spain of NESTOR NUÑEZ, a/k/a “Salvador Molina,” on December 28, 2022, on fraud…
LAS VEGAS – A Las Vegas business owner and operator who pleaded guilty to wire fraud was sentenced yesterday by U.S. District Judge Jennifer A. Dorsey to 34 months in…
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, NY–Christopher A. Parris, 42, formerly of Rochester, NY, and currently of Lawrenceville, Georgia, who was convicted of conspiracy to commit mail…
Damian Williams, the United States Attorney for the Southern District of New York, and Ivan J. Arvelo, the Special Agent in Charge of the New York Field Office of the…
FRESNO, Calif. — Royce Newcomb, 60, of Fresno, charged in connection with schemes estimated to have defrauded investors and the government out of more than $4.2 million was arrested today…