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…
Ex-Ramapo Supervisor Christopher St. Lawrence Transferred To Halfway House From Prison
Former Ramapo town Supervisor Christopher St. Lawrence, who was sentenced to 2 1/2 years in prison on fraud and other charges, has been moved from a Pennsylvania prison into a halfway house.
St. Lawrence, 69, was recently transferred from the Federal Prison Camp Canaan, in Waymart, Pennsylvania, to an unnamed residential reentry center, according to the Federal Bureau of Prisons' public information office.
Ramapo's supervisor from 2000 to May 2016, St. Lawrence was convicted of 20 counts of securities fraud and conspiracy on May 19, 2017, following a four-week trial in federal …
College Of New Rochelle Controller Sentenced, Must Repay Millions For Fraud
The former controller at the College of New Rochelle will spend time behind bars and repay millions after admitting to doctoring the school’s books by nearly $34 million dollars, forcing the 115-year-old institution to close its doors.
Keith Borge, 62, of Valley Cottage, has been sentenced to three years in prison, $25,000 in fines and will pay restitution that reaches as much as $13.2 million after pleading guilty securities fraud and failure to pay $20.4 million in payroll taxes.
As part of the plea, Borge, a resident of Valley Cottage in Rockland County, admitted to filing fina…
Westchester Native, Ousted Wfan Radio Host Craig Carton Sentenced For Ponzi Scheme
This story has been updated.
Westchester native and former radio/TV sports talk star Craig Carton was sentenced by a Manhattan federal judge for running a ticket-resale Ponzi scheme.
Carton, who grew up in New Rochelle, was ordered on Friday, April 5 to serve 42 months in prison.
In addition to the prison term, he was sentenced to three years of supervised release and ordered to pay $4,835,186.56 in restitution and to forfeit $4,590,000.
In a plea for leniency, the 50-year-old Carton, who co-host WFAN's “Boomer and Carton” morning show for a decade alongside retired NFL qua…
