LI Ponzi Scheme Victims Getting $5 Million Back LI Ponzi Scheme Victims Getting $5 Million Back
LI Ponzi Scheme Victims Getting $5 Million Back The investors in a multi-million dollar Ponzi scheme run in part by a Long Island scammer have received millions in restitution. Nassau County District Attorney Madeline Singas announced that 48 victims of Pennsylvania’s Kevin Brody and Syosset resident Matthew Eckstein - who were arrested last year for their role in the scheme - received restitution checks that totaled approximately $4.6 million. Last year, it was determined that Eckstein and Brody scammed a total of $12 million from 50 people - many of whom were senior citizens - while acting as financial advisers. In reality, the money t…
Bridgeport Woman Paid Travel Agent $6,600 With Checks From Blocked Account, Police Say Bridgeport Woman Paid Travel Agent $6,600 With Checks From Blocked Account, Police Say
Bridgeport Woman Paid Travel Agent $6,600 With Checks From Blocked Account, Police Say A Bridgeport woman has been arrested on a warrant for allegedly paying her travel agent in checks from a frozen/blocked account. Regina Salcedo, 60, was arrested on Wednesday, Sept. 25, on a warrant for in regards to issuing the two checks, said Milford Police. “Salcedo is accused of issuing two checks from a ‘frozen/blocked’ bank account to a Milford travel agent totaling over $6,600 in October 2018, leaving the victim responsible for returned check fees and unpaid travel bookings,” police said in a press release. Salcedo was charged with two counts of issuing a bad check and released on …
Springfield Broker Who Bilked Clients Of Millions Sentenced To Prison Springfield Broker Who Bilked Clients Of Millions Sentenced To Prison
Springfield Broker Who Bilked Clients Of Millions Sentenced To Prison An ex-broker and financial adviser from Springfield who admitted pocketing clients' money instead of investing it has been sentenced to nearly six years in prison, the U.S. Attorney for New Jersey said Friday.  Gary Basralian, 72, who worked at a securities firm in Jersey City, defrauded clients for a decade beginning in 2007, using clients' money to make payments on his BMW and credit cards, authorities said.   In one case, Basralian created a phony spreadsheet and sent it to a client who wanted to know why an account decreased in value. Basralian used the phony document to …
Financial Adviser From New Canaan Admits To Defrauding Clients In Fake Investment Scheme Financial Adviser From New Canaan Admits To Defrauding Clients In Fake Investment Scheme
Financial Adviser From New Canaan Admits To Defrauding Clients In Fake Investment Scheme A Fairfield County man who served as a financial adviser at two investment banks in Manhattan has admitted to defrauding clients out of hundreds of thousands of dollars. Elias Herbert Hafen, 64, of New Canaan, pleaded guilty one count of wire fraud and will face up to five years in prison, U.S. Attorney Geoffrey Berman announced. Hafen was taken into custody and appeared in Manhattan federal court on Wednesday, Sept. 4, where he pleaded guilty. Between 2013 and 2018, Hafen defrauded at least 11 of his financial advisory clients into believing he had access to a high-yield investment fund wi…
Hoboken Man Ripped Off $750K From Bar Investors, AG Says Hoboken Man Ripped Off $750K From Bar Investors, AG Says
Hoboken Man Ripped Off $750K From Bar Investors, AG Says Nirav Patel raised hundreds of thousands of dollars that he said he would invest in opening a Hoboken beer palace. Instead, authorities say, the 39-year-old city resident spent the money on himself and other, unrelated expenses, according to an indictment announced Thursday by Attorney General Gurbir S. Grewal. Patel, who was indicted Wednesday on a charge of theft by deception, began raising money to open World of Beer Hoboken in 2014. He received $750,000 for the venture from an investment group, according to investigators from the state Division of Criminal Justice. An investor himself,…
Police: Couple Working As Caretakers Accused Of Stealing More Than $50K From Rhinebeck Victims Police: Couple Working As Caretakers Accused Of Stealing More Than $50K From Rhinebeck Victims
Police: Couple Working As Caretakers Accused Of Stealing More Than $50K From Rhinebeck Victims A couple working as caretakers has been charged after police say they stole more than $50,000 from victims in Rhinebeck. New York State Police say that Shelby Blanchard, 32, and Alan Blanchard, 35, both of Red Hook, were allegedly employed by the victims in a caretaking capacity and used their positions to gain access to their personal and financial accounts. Over the course of two years, the Blanchards stole more than $50,000 using bank/credit cards, personal checks and ATM withdrawals from the victims’ accounts, according to police. New York State Police from the Rhinebeck barracks arres…
Westchester Man Sentenced For Swindling Women Out Of More Than $160K Westchester Man Sentenced For Swindling Women Out Of More Than $160K
Westchester Man Sentenced For Swindling Women Out Of More Than $160K A Westchester man has been sentenced after admitting to swindling a pair of women out of more than $160,000. White Plains resident Eric Jackier, 48, has been placed on two terms of five years’ probation - which will run concurrently - after pleading guilty to separate grand larceny charges for stealing money from his unsuspecting victims who believed he was helping their finances. In White Plains, Jackier admitted to stealing $16,475 from a local woman that was earmarked to set up a charity. Instead, Jackier used the money for his own interests between May 15, 2015 and Aug. 20 that year and…
Don't Fall For Them: Alert Issued For These Scams Don't Fall For Them: Alert Issued For These Scams
Don't Fall For Them: Alert Issued For These Scams Residents in the area are being warned about scams that seem to be on the increase. The scams provide ways for criminals will attempt to get money from people by contacting them and making up elaborate stories, the Dutchess County Sheriff’s Office said in the warning to residents of Dutchess and nearby counties in New York and Connecticut. In some cases the perpetrators have tried, sometimes successfully, to use the victim’s emotions about a loved one in trouble to get money.  It’s common for the perpetrators of these scams to try to get money by telling people that one of their …
FBI Issues Valentine's Day Romance Scam Warning After Woman Bilked Out Of $2M FBI Issues Valentine's Day Romance Scam Warning After Woman Bilked Out Of $2M
FBI Issues Valentine's Day Romance Scam Warning After Woman Bilked Out Of $2M With love in the air on Valentine’s Day, the FBI is warning that if an online courtship seems too good to be true, it just might be. Citing an incident when a woman in her 50s was bilked out of $2 million, the FBI issued an alert on Thursday regarding romance scams, which is an Internet crime that is on the rise. 
The FBI said that “victims - predominantly older, widowed or divorced women targeted by criminal groups usually from Nigeria - are, for the most part, computer literate and educated. But they are also emotionally vulnerable. And con artists know exactly how to exploit that vulnera…
BEWARE: 'Grandson In Trouble' Phone Scam Costs Elderly Saddle Brook Woman $7,500 BEWARE: 'Grandson In Trouble' Phone Scam Costs Elderly Saddle Brook Woman $7,500
Beware: 'Grandson In Trouble' Phone Scam Costs Elderly Saddle Brook Woman $7,500 Heartless phone scammers stole $7,500 from a frightened Saddle Brook woman who was fooled into thinking her grandson had just been arrested after an accident. They tried getting $7,300 more from her – only she was at the borough police station at the time reporting the first crime. The first caller told the victim on Tuesday that he’d been arrested for DWI after he rear-ended a pregnant woman’s car, Police Chief Robert Kugler said. “He also said he broke his nose and cut his lip, requiring stitches, had just been released from the hospital and was in custody of the police,” Kugler said. “…
Stolen Mail Can Lead To ID Theft, Westchester DA Warns Stolen Mail Can Lead To ID Theft, Westchester DA Warns
Stolen Mail Can Lead To ID Theft, Westchester DA Warns In the wake of several instances involving stolen mail in the area, officials in Westchester are offering advice to residents to avoid becoming the victim of opportunistic fraudsters.  Last year, police in Yonkers, Mount Vernon, White Plains, Tarrytown, Harrison, Purchase, Bronxville, New Rochelle, North Castle and other communities investigated incidents involving mail thefts. The incidents include curbside mailboxes that were broken into or opened with stolen keys or outright stolen. Thieves have also used “fishing” techniques to take mail from mailboxes, and “rural-style” mailboxes …
Ex-CFO From Area Sentenced, Ordered To Pay $21M Accounting Fraud Ex-CFO From Area Sentenced, Ordered To Pay $21M Accounting Fraud
Ex-cfo From Area Sentenced, Ordered To Pay $21M Accounting Fraud A former chief financial officer of Bankrate Inc. who lived in Fairfield County was given a “significant” prison sentence for accounting and securities fraud and must pay back more than $20 million. Monroe resident Edward DiMaria was sentenced to 10 years prison followed by three years of supervised release after pleading guilty in June to conspiracy to make false statements about a public company; falsifying a public company’s books, records and accounts; securities fraud and making false statements to the SEC. DiMaria must also pay $21.23 million in restitution. According to prosecutors, …