Melville-Based Boiler Room Employees Sentenced For Their Roles In $147M Stock Scheme
Employees at a Long Island-based boiler room have been sentenced to time behind bars for their roles in a $147 million stock manipulation scheme.
Ronald Hardy, 42, of Port Jefferson, a manager at Power Traders Press, My Street Research and other companies located in Melville, and Dennis Verderosa, 67, of Coram, a cold-caller and account executive at the boiler room, were sentenced to 10 and six years in prison, respectively, for their roles in the scheme.
Hardy was also ordered to forfeit the contents of a bank account and two properties he owned in Florida, and Verderosa was ordered to pay…
Three From Long Island Among Eight Charged With Running Opioid Business Out Of Warehouse
Eight people, including three Long Islanders, have been arrested in connection with running a massive misbranded opioids operation out of a warehouse in Queens.
According to the U.S. Attorney's Office, the "ring" imported misbranded controlled substances, including Tramadol, into the U.S. from India. They would then repackage the pills and mail them to millions of customers throughout the U.S.
The defendants included:
Ezhil Sezhian Kamaldoss, 26, of Richmond Hill
Harpreet Singh, 26, of Plainview
Parthiban Narayanasamy, 58, of Jamacia
Baljeet Singh, 29, of Richmond Hill
Deepak Manchanda, 4…
