'Cybercriminal, Cheat' Russian Hacker Guilty Of Boston Stock Conspiracy: Feds
A Russian businessman was convicted this week of an elaborate conspiracy where he and several others hacked into a computer system located in Boston to steal yet-to-released earnings reports from hundreds of companies and used the information to buy stocks, authorities said. They made nearly $100 million in this scheme, officials added.
Vladislav Klyushin, age 42, of Moscow, was found guilty on Tuesday, Feb. 14, on all charges, including wire fraud and securities fraud, following a 10-day trial in Boston, the US Attorney for Massachusetts said. He faces up to 30 years in federal prison.
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NJ Deli Fraud Scheme Mastermind Arrested In Thailand: Feds
An international company chairman charged over a purported scheme to manipulate the stock market — one that resulted in a bogus $100M valuation for a Gloucester County deli despite minimal sales — was arrested in Thailand, the feds confirmed.
Peter Coker Jr., 54, had been a fugitive since September when prosecutors filed 12 federal charges against him, his father, Peter Coker Sr., 80, and associate James Patten, 63.
The trio allegedly boosted the share prices of Hometown International Inc. and another firm, E-Waste Corp.
Matthew Reilly, a spokesperson for the New Jersey US Attorney’s Offic…
White Plains Man, Partner Sentenced For Roles In $1M Ponzi Scheme
A Westchester County man and his business partner have been sentenced for their roles in a nearly decade-long $1-million Ponzi scheme.
White Plains resident James Doyle, age 74, and Carl Carro, age 61, of Walton, Delaware, were convicted of defrauding investors in New York and throughout the nation.
On Thursday, Jan. 12, Carro was sentenced to four to eight years in prison, and Doyle was sentenced to five years probation, New York Attorney General Letitia James announced.
As part of their respective sentences, Carro and Doyle agreed to pay a total of more than $1 million in judgments …
$116M COVID Test Scam: Federal Grand Jury In NJ Indicts Ex-nyc Health Care Company CEO From CT
The former CEO of a New York-based health care company was charged with orchestrating a coronavirus rapid-test investment scam that fleeced victims of $116 million, federal authorities said.
Marc Schessel, 62, of Greenwich, CT, had his company, SCWorx Corps, make bogus public claims that it was buying and selling at least 48 million COVID test kits that it never received, an indictment returned in U.S. District Court in Newark alleges.
"The claims share price surged, rising by over 400 percent from approximately $2.25 per share to an intraday high of $14.88. per share," according to a relea…
