Tags
Subscribe
Subscribe
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Traffic
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Subscribe
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Traffic
Legal
Real Estate
Readers Choice
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2026 Cantata Media
Tag:
Securities Fraud
Avon, CT
Police & Fire
Ex-Avon Investment Advisor Accused Of $3.3M Scheme Faces 220 Years In Prison If Guilty: Feds
A Connecticut investment advisor is facing federal fraud charges after prosecutors say he carried out a multimillion-dollar scheme that left financial firms with heavy losses. Andrew M. Komarow, 36, of Avon, was indicted by a federal grand jury in New Haven last month. He pleaded not guilty to the 11-count indictment and was released on a $50,000 bond, the US Attorney for the District of Connecticut said. Prosecutors say Komarow worked as an investment advisor and broker-dealer and serviced a range of clients. According to the indictment, he took advantage of credit extended by finan…
Willow Grove, PA
News
$10B CVS Oak Street Health Deal Was Tied To Willow Grove Man’s Insider Trading: Feds
A Pennsylvania man admitted to insider trading tied to CVS’s $10 billion acquisition of Oak Street Health in 2023, federal prosecutors announced on Friday, Feb. 20, 2026. Carlos Sacanell, 59, of Willow Grove (Montgomery County), was sentenced to 24 months’ imprisonment and fined $5,000 by U.S. District Judge Wendy Beetlestone for insider trading, according to the U.S. Attorney’s Office for the Eastern District of Pennsylvania. Sacanell was charged by indictment in October 2024 and pleaded guilty in September to one count of securities fraud and one count of making a false statement to a fed…
Wilton, CT
News
Weston Man Made $220K In Insider Trading, Now He's Going To Jail: Feds
A Connecticut man has been sentenced to federal prison for insider trading that brought him more than $220,000 in illegal profits, federal authorities said. Ryan Squillante, 40, of Weston, was sentenced to two months in prison, 18 months of parole, and he must pay a $331,368 fine, the US Attorney for Connecticut said. Squillante pleaded guilty to securities fraud in June. Squillante worked from home as the head of equity trading for an investment firm in Denver, prosecutors said. In that role, he received confidential details about publicly traded companies. On 15 occasion…
Lititz, PA
News
$770M ATM Ponzi Snared Amish & Mennonite Investors: Lititz’s Daryl Heller Indicted
A $770 million Ponzi scheme that allegedly preyed on Amish and Mennonite investors in Lancaster County has landed a Pennsylvania businessman in federal court, prosecutors announced on Wednesday, Sept. 3, 2025. Daryl F. Heller, 55, of Lititz, and his Lancaster-based companies Prestige Investment Group and Paramount Management Group, are accused of raising more than $770 million from about 2,700 investors between 2017 and 2024, according to the Securities and Exchange Commission. Federal investigators allege Heller promised fixed monthly payments from a nationwide ATM network operated by Para…
Suffern, NY
News
Fake Properties, Real Money: Investors Lose $13M To Tuxedo Park Man's Scheme, Feds Say
An Orange County man has pleaded guilty to scamming dozens of investors out of more than $13 million in a real estate fraud scheme that lasted years, federal prosecutors announced Friday. Barry Breeman, age 75, admitted in Manhattan federal court to securities fraud, acknowledging that he falsely claimed to be raising money for real estate development projects when in reality, he had no connection to the investments and used the money for himself, the US Attorney’s Office for the Southern District of New York announced on Friday, May 9. Breeman’s scheme operated from at least 20…
White Plains, NY
News
FBI In Manhattan Still Searching For ‘Cryptoqueen’ Missing After $4B Scam
She promised the next Bitcoin. What investors got instead was a $4 billion black hole—and a fugitive who hasn’t been seen since 2017. Ruja Ignatova, the woman once known as the “Cryptoqueen,” remains one of the world’s most elusive fugitives and is currently on the FBI’s 10 Most Wanted list. The founder of the fraudulent cryptocurrency OneCoin, Ignatova is accused of orchestrating a massive Ponzi-style scheme that duped investors around the globe out of billions. Authorities say the scam began in 2014, when Ignatova launched OneCoin Ltd., a Bulgaria-based company that marketed itself…
Mamaroneck, NY
News
$1M Federal Insider Trading Scheme: Larchmont Man Shared Private Info, Feds Say
A Westchester man and Long Island resident are among four people charged in connection with their alleged involvement in an insider trading scheme that netted over $1 million in profits, federal officials announced. David Cooper, age 38, of the Westchester village of Larchmont, and John Lowe, age 61, of the Suffolk County hamlet of Sayville, were arrested on charges of conspiracy to commit securities fraud and securities fraud, the US Attorney's Office for the Eastern District of New York announced on Wednesday, Jan. 15. Three other men—Randy Grewal, 54, of Anthem, Arizona, and Richar…
Mahwah-Ramsey, NJ
Real Estate
Chinese Billionaire Fraudster's Former Mahwah Mansion Is Most Expensive NJ Listing At $33M
A historic Bergen County estate seized from a Chinese billionaire indicted in a $1 billion fraud scheme last year has become the most expensive residential listing in New Jersey, on the market for $33 million (scroll down to see the complete listing with photos). The Crocker Mansion, located at 675 Ramapo Valley Road in Mahwah, spans 50,000 square feet and sits on 12.5 gated acres. Originally built in 1907, the property features 21 bedrooms, a pool house, tennis courts, and a guest house. It was declared a historic landmark by Mahwah Township due to its unique place in local history. In Mar…
Millburn-Short Hills, NJ
Police & Fire
Short Hills Pharmaceutical Exec Used Insider Info To Avoid $38 Million Loss: Feds
A 54-year-old former NJ pharmaceutical executive used insider information to avoid $38 million in losses, authorities said. Dale Chappell, who currently lives in Switzerland faces charges of securities fraud and insider trading, U.S. Attorney Philip Sellinger said. Chappell was formerly the chief scientific officer and member of the board of directors of Humanigen, a publicly traded clinical-stage biopharmaceutical company with offices in Short Hill, Sellinger said. Chappell was arrested on Friday, Dec. 20 in Switzerland, Sellinger said. The United States will seek Chappell’s extr…
Paulsboro-Gibbstown, NJ
Police & Fire
Father, Son Admit To Using Paulsboro Deli In $100M Stock Inflation Scheme: Feds
A quiet deli in Paulsboro became the unlikely focal point of a $100 million stock manipulation scheme led by a father and son, authorities said. Peter Coker Sr., 82, of Chapel Hill, North Carolina, and his son, Peter Coker Jr., 56, pleaded guilty on Thursday, Dec. 19 to securities fraud and conspiracy to commit securities fraud, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Coker Jr. is a former resident of Hong Kong. Prosecutors said the plan started around 2014 when two New Jersey residents opened Your Hometown Deli on Mantua Avenue. The pair soug…
Mahwah-Ramsey, NJ
Real Estate
Mahwah Mansion Seized From Chinese Billionaire Fraudster Listed At $33M
A historic Bergen County estate seized from a Chinese billionaire indicted in a $1 billion fraud scheme last year has hit the market for $33 million. View this post on Instagram A post shared by Carl Gambino (@carlgambino.realestate) The Crocker Mansion, located at 675 Ramapo Valley Road in Mahwah, spans 50,000 square feet and sits on 12.5 gated acres. Originally built in 1907, the property features 21 bedrooms, a pool house, tennis courts, and a guest house. It was declared a historic landmark by Mahwah Township due to its unique place in loc…
Dix Hills-Melville, NY
Business
Ousted Melville CEO Dodges $12K In Losses Trading On Insider Info, Feds Say
The former CEO of a New York telecommunications company is accused of engaging in insider trading just hours after he was fired, dodging thousands in losses. Ken Peterman, 67, was arrested Wednesday, Dec. 11, on federal charges of insider trading and securities fraud. Prosecutors said Peterman exploited non-public information about Melville-based Comtech Telecommunications’ poor financial performance and his impending termination to sell company shares, avoiding significant financial losses. According to the US Securities and Exchange Commission (SEC), he violated two trading blackouts whe…
Hackensack, NJ
News
Maywood Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG
State officials have revoked the licese of a Bergen County financial advisor and broker after it came to light that he sold a pair of elderly clients a total of $3.65 million in a move that New Jersey Attorney General Matthew Platkin said was not in the best interest of the clients. Carlos Leston, who also goes by Jose Carlos Leston, of Maywood, made the sale in securities in a New York Lending company without disclosing that the CEO of the corporation was a friend of his who had been barred from the securities industry, Platkin said. Leston also failed to disclose that he had a r…
Dix Hills-Melville, NY
News
Alleged $1.3M Scheme: CEO From Melville Accused Of Accounting Fraud, Misleading Investors
A New York resident who was the chief executive officer of digital advertising technology company Kubient fabricated documented and misled investors and auditors, according to federal authorities. The scheme by Long Island resident Paul Roberts, age 48, of Melville caused Kubient to improperly recognize more than $1.3 million in fraudulent revenue in Kubient’s financial statements at the time of the company's initial public offering, according the United States Attorney for the Southern District of New York Damian Williams. Roberts was charged this with one count of securities fra…
Greenwich, CT
News
'Cherry-Picking' Fraud: Greenwich Wealth Manager Sentenced For Stealing $2.7M From 45 Clients
A Connecticut investment advisor was sentenced for defrauding clients of $2.7 million through a “cherry-picking” securities scheme.Fairfield County resident Jonathan Vincent Glenn, age 55, of Greenwich, will serve 21 months in prison, followed by three years of supervised release. The sentencing was announced in Hartford on Tuesday, Sept. 17. Glenn also must serve the first six months of his supervised release in home confinement. “Cherry-picking” is a fraudulent securities trading practice in which a responsible individual executes trades without assigning them to a particular trading ac…
Colts Neck, NJ
Police & Fire
'Heartless And Despicable' Colts Neck Broker Who Scammed $3M+ From Gold Star Families Sentenced
A former Army financial counselor from Colts Neck will spend more than a decade in prison after admitting to scamming Gold Star families out of more than $3 million, authorities said. Caz Craffy, 42, was sentenced on Wednesday, Aug. 21 to 12 years and seven months in prison, New Jersey's U.S. Attorney Philip Sellinger said in a news release. He pleaded guilty to 10 charges on Tuesday, Apr. 16. Craffy, who's also known as "Carz Craffey," had been a major in the U.S. Army Reserve since 2003. His Army affiliation was terminated in January 2023, according to military records. Ac…
Massapequa, NY
News
$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…
Edison, NJ
News
Middlesex County Men Indicted In Alleged $7M Fuel Investment Scheme: AG
A New Jersey grand jury has indicted two Middlesex County men for allegedly defrauding fuel investors out of approximately $6.7 million, authorities said. The scheme used sham companies and false identities to deceive investors into believing they would receive large guaranteed returns from investments in fuel products, according to Attorney General Matthew J. Platkin. Instead, the defendants diverted investor funds for their own benefit, Platkin said. Shahid Javed, 39, of Old Bridge, and Wilfredo Topacio, 64, of Woodbridge, were charged in an indictment with first-degree conspiracy, …
Massapequa, NY
News
$2M Scheme: 3 NYers Among 4 Nabbed For Defrauding Company, Feds Say
Four men have been accused of creating hundreds of fictitious brokerage accounts in defrauding a financial services company of more than $2 million. They have pleaded guilty in federal court in Central Islip to money laundering conspiracy in connection with the scheme involving the global financial services firm based in Menlo Park, California, which is located near San Francisco. Three of the four are Long Island residents: Edward Hernandez, also known as “Ghost,” age 33, of Lindenhurst; Christopher Flagg, also known as “Venus," age 28, of Copiague; Daquan Lloyd, also…
Middletown, NJ
Police & Fire
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…
Massapequa, NY
News
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced. The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes." “By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…
Albany, NY
News
NY Personal Pilot To Billionaire Investor Admits Role In Insider Trading Scheme
A private pilot from New York has admitted to taking part in an insider trading scheme involving his billionaire boss. Albany County resident Patrick O’Connor, age 67, of Preston-Potter Hollow, pleaded guilty to securities fraud in Albany federal court on Monday, Feb. 26. O’Connor worked as a personal pilot to billionaire Joseph Lewis, a British businessman and investor who is the principal owner of the Tavistock Group, an international private investment organization. According to prosecutors, Lewis, age 87, was regularly given material, non-public information about various companies for …
Glen Burnie, MD
News
'Bitcoin Beautee' In MD Admits To Role In $1.89B Cryptocurrency Fraud Scheme
A Maryland woman went under the name of “Bitcoin Beautee” during her role alongside two others in a Cryptocurrency fraud scheme that netted more than $1.89 billion, she admitted in US District Court on Monday, Jan. 29. Brenda Chunga, 43, of Severna Park, pleaded guilty to conspiracy to commit securities fraud and wire fraud for her role as a promoter of HyperFund, also known as HyperTech, HyperCapital, HyperVerse, and HyperNation, US Attorney Erek Barron announced. The plea came just four days after a federal grand jury returned an indictment charging Sam Lee, 35, an Australian citizen…
Brentwood, NY
News
$2M Fraud Scheme: Long Island Trio Steals Millions From Financial Services Company, Feds Say
Three Long Island men are among several people accused in an elaborate scheme to defraud a financial services company out of millions. An indictment unsealed in Central Islip federal court on Tuesday, Oct. 31, charges four men with conspiring to commit securities fraud and money laundering. The following Suffolk County residents are named in the indictment: Christopher Flagg (aka “Venus”), age 28, of Copiague Daquan Lloyd (aka “Payday”), age 29, of Copiague Eduardo Hernandez (aka “Ghost”), age 33, of Lindenhurst According to prosecutors, the group created hundreds of sham brokerage accoun…
Greenwich, CT
News
$2.7M Scheme: Greenwich Investment Advisor Admits Defrauding Dozens Of Clients
An investment advisor based in Fairfield County has admitted to defrauding dozens of clients of $2.7 million through a “cherry-picking” securities scheme. Jonathan Vincent Glenn, age 54, of Greenwich, waived his right to be indicted and pleaded guilty late last week in Hartford federal court to defrauding investment clients through a “cherry-picking” securities scheme. Through this scheme, Glenn defrauded over 45 clients a total of around $2.7 million, according to federal authorities. Glenn's plea and details in the case were announced on Friday, Oct. 6 by Vanessa Roberts Avery, Unit…
Egg Harbor Township, NJ
Police & Fire
Ex-NJ Corrections Officer's Crypto Scam Targeted Police, Firefighters, EMTs: Authorities
A retired New Jersey corrections lieutenant preyed on his peers with a cryptocurrency scheme that cost participating police, firefighters, EMTs, and other first responders more than $620,000, state and federal authorities said. John DeSalvo, 47, of Linwood, also pulled a $100,000 investment scam that authorities said went to covering his credit card bills, day trading in cryptocurrencies and payments to a contractor who handled a luxury bathroom renovation for him. DeSalvo -- who worked for the New Jersey Department of Corrections for 13 years before retiring in 2010 -- created and promote…
Monsey, NY
News
Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup
A former New Jersey broker-dealer agent from Rockland County had his registration revoked and was fined $150,000 for steering clients to a Hudson Valley tequila startup whose founder went to federal prison. Michael W. Mandel of Suffern sold the securities in the form of ownership interests in "6 Degree Tequila" via unauthorized private transactions, state Attorney General Matthew J. Platkin said. Records show Mandel was working at the time as an agent and investment adviser representative for two New Jersey broker-dealers -- Royal Alliance Associates in Old Tappan and, later, LPL Fina…
Hackensack, NJ
Police & Fire
NJ Broker Loses Registration, Fined $150G For Going Rogue With Hudson Valley Tequila Startup
A former New Jersey broker-dealer agent from Rockland County had his registration revoked and was fined $150,000 for steering clients to a Hudson Valley tequila startup whose founder went to federal prison. Michael W. Mandel of Suffern sold the securities in the form of ownership interests in "6 Degree Tequila" via unauthorized private transactions, state Attorney General Matthew J. Platkin said. Records show Mandel was working at the time as an agent and investment adviser representative for two New Jersey broker-dealers -- Royal Alliance Associates in Old Tappan and, later, LPL Fina…
Poughkeepsie, NY
News
$30M Insider Trading Case: Hudson Valley Duo Profited From Pharmaceutical Merger Info, Feds Say
Four men from New York and Massachusetts, including a police chief, are accused of making millions of dollars through an insider trading scheme involving one pharmaceutical company’s acquisition of another. The case, announced by the US Attorney’s Office in the Southern District of New York on Thursday, June 29, is one of four separate insider trading cases that reportedly generated a combined $30 million for those involved. Named in the case are: Shawn Cronin, age 43, of Dighton in Bristol County, Massachusetts and chief of the Dighton Police Department Joseph Dupont, age 44, of Rehoboth…
Edison, NJ
News
'We Don't Want To End Up In Orange Jumpsuits,' Said CEO Arrested For $175M Scam In NJ
A former CEO whose star once shone so bright she made the Forbes 30-Under-30 list could soon be swapping her business suits for prison jumpsuits — something she'd been dreading. "We don't want to end up in orange jumpsuits," is what Charlie Javice apparently said months before her New Jersey arrest Monday, April 3, according to federal prosecutors. The 31-year-old founder of Frank, a for-profit company that simplified the student loan application process, is facing federal charges for falsifying data sets, ultimately scamming J.P Morgan Chase out of $175 million officials said. It wasn't i…
Newark, NJ
News
Ex-Trump PAC Exec Who Blamed 'That B****' Hillary Clinton For Probe Indicted By Feds In NJ
A former pro-Trump PAC exec who blamed "that b**** Hillary Clinton" for his troubles with the law swindled more than two dozen investors out of $7 million, an indictment returned Tuesday by a federal grand jury in Newark alleges. U.S. Homeland Security agents a year ago this month smashed the alleged Ponzi scheme that they said New Jersey-based businessman David Schamens, 65, used to fund a lavish lifestyle. Now comes a March 28 indictment that charges him with wire fraud, securities fraud and money laundering. Schamens, of Greensboro, North Carolina, used some of the investment money fro…
Next Page
Archive
