$10M Fraud: Port Jefferson Dad, Son Sentenced For Spending Investor Money On Lavish Lifestyle $10M Fraud: Port Jefferson Dad, Son Sentenced For Spending Investor Money On Lavish Lifestyle
$10M Fraud: Port Jefferson Dad, Son Sentenced For Spending Investor Money On Lavish Lifestyle A New York father and son will spend years behind bars for conning investors out of millions of dollars that funded their lavish lifestyle. Long Island resident Eugene Austin, age 62, of Port Jefferson, was sentenced to 18 years in prison in Brooklyn federal court on Wednesday, April 23, following a jury conviction for wire fraud and money laundering. Austin’s 29-year-old son, Brandon Austin, of Coram, was previously sentenced to four years behind bars for his role in the scheme. The men offered to serve as a broker for sales of large quantities of cryptocurrency at below-market exchange r…
Elon Musk Stepping Aside From Government Role As Tesla Sales Sink Elon Musk Stepping Aside From Government Role As Tesla Sales Sink
Elon Musk Stepping Aside From Government Role As Tesla Sales Sink Elon Musk says he will step back from his government role in the Trump Administration.  The billionaire entrepreneur will shift his focus back to Tesla, as the company grapples with a staggering revenue drop that has investors sounding the alarm. Amid fears of tariffs and the implications of his dual role in government, Musk’s decision comes at a critical time for the automaker.  The company has reported a 20 percent decline in car sales revenue and a shocking 71 percent decrease in net income for the first quarter of 2025. During an earnings call on Tuesday, April 22, Musk sta…
Ocean Casino Resort Pumps $50M Into More Luxury Upgrades: Here's What's Coming Ocean Casino Resort Pumps $50M Into More Luxury Upgrades: Here's What's Coming
Ocean Casino Resort Pumps $50M Into More Luxury Upgrades: Here's What's Coming Ocean Casino Resort in Atlantic City is going big — again. The beachfront property announced a $50 million investment for 2025, bringing even more luxury suites, restaurants from top chefs, a new hologram-filled mini golf bar, and double the Asian gaming space, officials said. The upgrades are part of a $270 million transformation project that’s been in motion since 2018. Ocean will roll out more than 500 new Blu Rooms and Suites, capping off its complete hotel renovation. These beach-inspired rooms will feature oversized showers, marble floors, wet bars, and lounge space for hosting small…
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout It was a brutal week for investors, who lost nearly $7 trillion after President Donald Trump announced sweeping tariffs on nearly every country, and CNBC's Jim Cramer warned that the pain may not be over. The "Mad Money" host said he fears stock prices may continue to fall on Monday, April 7, adding that investors could be facing a repeat of one of the market’s worst days. Related: Mexico And Canada Promise More Tariffs Coming For US If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario ... the one where we went …
Massive Catskill Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M Massive Catskill Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M
Massive Catskill Film Studio, Development Site Along Hudson River To Be Auctioned For $6.35M A massive production studio and waterfront development site in downtown Catskill is heading to auction, offering a rare investment opportunity at nearly half its original listing price. The 20,208-square-foot Lumberyard, a New York State Qualified Production Facility, will be sold to the highest bidder on Wednesday, March 20. Originally listed in 2023 for $11.5 million, the property now has a reserve price of $6.35 million — about 45 percent lower than its initial asking price. The auction follows Gov. Kathy Hochul’s recent announcement of a $10 million state grant to revitalize downtown Ca…
$1M Lottery Jackpot: Berkley Winner Eyeing Her Future With Big Payday $1M Lottery Jackpot: Berkley Winner Eyeing Her Future With Big Payday
$1M Lottery Jackpot: Berkley Winner Eyeing Her Future With Big Payday A woman who recently won $1 million in the Massachusetts State Lottery said she has sensible plans for his major windfall.  Angela Hazen, of Berkley, won the payday playing the “Lifetime Millions" game, a $50 scratch-off ticket.  Hazen chose to take the lump sum payment of $650,000 (before taxes) rather than the annuity, which would pay the entire $1 million over 20 years.  She said she plans to invest the money and use some to make repairs at her home.  Hazen bought the ticket at Berkley Farms Liquor, 539 Berkley St. in Berkley. The store will get a $10,000 …
$1M Lottery Jackpot: Winthrop Winner Eyeing Future With His Newfound Cash $1M Lottery Jackpot: Winthrop Winner Eyeing Future With His Newfound Cash
$1M Lottery Jackpot: Winthrop Winner Eyeing Future With His Newfound Cash A man who collected his $1 million payday from the Massachusetts State Lottes this week said he has a sensible plan for that cash. Amjad Rubieh, of Winthrop, won the seven-figure payout on the "$10,000,000 Cash King,” a $20 scratch-off game.  Related: Mass Lottery Winner Eyes Something Special With $2 Million Win Rubieh elected to take the lump sum payment of $650,000 (before taxes) rather than the annuity, which would have paid the full prize over 20 years.  He said he plans to invest the money.  Rubieh bought the ticket at Saratoga Market, 16 Trident St. in East B…
$1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says $1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says
$1.4M In Crypto Seized During Historic Loudoun County Bust, Sheriff Says A single text message, sent to the wrong person, led to one of the largest cryptocurrency recoveries in Virginia history. The Loudoun County Sheriff's Office (LCSO) announced Monday, Feb. 24, that it seized $1.4 million in stolen cryptocurrency—recovered from a sophisticated “pig butchering” scam.  Officials believe the bust is among the first and largest of its kind in the state. “This seizure sends a clear signal to bad actors: Loudoun County is coming for you,” Sheriff Mike Chapman said. “We will not allow our citizens to be taken advantage of and will do everything possible to get…
'Shark Tank' Looking For Next Big Investment In Philly: Here's How You Can Pitch 'Shark Tank' Looking For Next Big Investment In Philly: Here's How You Can Pitch
'Shark Tank' Looking For Next Big Investment In Philly: Here's How You Can Pitch Innovators, it’s time to sink or swim with the Sharks in the Fishtown section of Philadelphia. The hit ABC television show "Shark Tank" will hold an open casting call in Philly on Friday, Apr. 11. The Emmy-winning program will host it at The Event Center at Rivers Philadelphia, in partnership with Philly's ABC affiliate WPVI-TV. This will be the first "Shark Tank" casting call in the city since 2017. "We’re eager to return to Philly after so many years to see how the entrepreneur community has grown," said Mindy Zemrak, the supervising casting producer since the show debuted in 2…
Taxi Service Trusted By Families, Seniors Faces Closure After Decades In Scarsdale Taxi Service Trusted By Families, Seniors Faces Closure After Decades In Scarsdale
Taxi Service Trusted By Families, Seniors Faces Closure After Decades In Scarsdale One of the oldest taxi companies in the country that has served those in Westchester for decades is on the verge of shutting down, prompting town officials and business owners to search for solutions to keep it running.  Central Taxi of Scarsdale is at risk of closing within weeks, Greenburgh Town Supervisor Paul Feiner said on Tuesday, Feb. 18.  The company, which has been a staple for local commuters, parents, seniors, and caregivers, is struggling due to changes in transportation habits, the rise of Uber and Lyft, and financial hardships caused by the pandemic, according t…
Denny's Closing 30 More Restaurants Than Planned: Here's Why Denny's Closing 30 More Restaurants Than Planned: Here's Why
Denny's Closing 30 More Restaurants Than Planned: Here's Why Denny's will close 30 more restaurants than expected, as the diner chain accelerates its efforts to shutter underperforming locations. Denny's will shut down between 70 and 90 restaurants in 2025, the company said in a news release and earnings call on Wednesday, Feb. 12. The chain closed 88 restaurants in 2024, bringing the total to nearly 180 closings expected by the end of 2025. While Denny's hasn't revealed which restaurants are on the closing list, the already shuttered locations were open for an average of 30 years. "In any mature brand, when restaurants have been opened that lo…
Millstone Mom, Son Inventors Get Perfect Deal On 'Shark Tank' Millstone Mom, Son Inventors Get Perfect Deal On 'Shark Tank'
Millstone Mom, Son Inventors Get Perfect Deal On 'Shark Tank' A Jersey Shore mother and son duo had an appearance on "Shark Tank" that entrepreneurs dream about.  Lisa Lane and her son, Jake, the inventors of the Rinseroo and Millstone Township residents, were the recipients of Lori Grenier's "golden ticket", which means she gave them exactly what they were asking for: a $343,000 investment for 5% equity. View this post on Instagram A post shared by RINSEROO™ (@officialrinseroo) Lisa and Jake Lane Disney/Christopher Willard A Rinseroo is a slip-on hose attachment designed to make cleaning t…