$1B Scheme: Pair Of CEOs, Including Manhasset Man, Defrauded 10K Investors, Jury Finds
A New York resident was one of two CEOs convicted in federal court of a $1 billion fraud scheme involving thousands of investors.
Long Island resident David Gentile, age 57, of Manhasset, and Jeffry Schneider, age 55, of Austin, Texas, were found guilty in federal court on all counts of an indictment charging them with conspiracy to commit securities fraud, conspiracy to commit wire fraud, and securities fraud.
Gentile, the owner and CEO of GPB Capital Holdings, was also convicted on two counts of wire fraud.
The verdict came after an eight-week trial.
When sentenced on Thursd…
NJ Broker Bought Private Jet, Luxury Caribbean Vacation In $3.4M Insider Trading Scheme: Feds
A former partner at a New Jersey broker-dealer firm was accused of insider trading, making more than $3 million in illegal profits, authorities said.
Christopher Matthaei, 44, of Brielle, was arraigned in federal court on Wednesday, July 17, New Jersey's U.S. Attorney Philip Sellinger said in a news release. A federal grand jury indicted him on Friday, June 21 for two counts of securities fraud conspiracy and seven counts of securities fraud.
According to court documents and statements, Matthaei was a partner and senior salesperson at a trading firm based in Charlotte, North Carol…
South Jersey Man Admits Possessing Child Porn Videos, Feds Say
A Burlington County man admitted possessing multiple images and videos of child sexual abuse, federal authorities said.
Dennis Nerolich, 68, of Burlington, and formerly of New Egypt, pleaded guilty on Thursday, June 20 before U.S. District Judge Brian R. Martinotti in Newark federal court to an information charging him with possession of child pornography, according to U.S. Attorney Philip R. Sellinger.
According to documents filed in this case and statements made in court:
From March 2016 to May 1, 2018, Nerolich possessed multiple images and videos of child sexual abuse. Nerolich re…
