Owner, CEO Of Manhattan Investment Fund Among Trio Indicted For $1.8B Ponzi-Like Scheme
A man who was the head of a Manhattan investment fund was arrested on Thursday and is facing securities fraud charges for his role in an alleged $1.8 billion Ponzi-like scheme that saw his company paying clients with their own money.
Long Island resident David Gentile, age 54, of Manhasset, the founder, owner, and CEO of GPB Capital Holdings, was charged with two others for scheming to defraud investors by misrepresenting the source of funds used to make monthly distribution payments to them, federal officials said.
Specifically, the three were charged with securities and wire fraud, …
New Whole Foods Opens On Long Island
A new Whole Foods Market has opened on Long Island.
The 57,000-square-foot store is in Garden City, located at 867 E. Gate Blvd, and is open from 8 a.m. to 9 p.m. each day.
Its first day of business was Thursday, Nov. 5.
It's the fifth Whole Foods Long Island location, with the others in Commack, Jericho, Lake Grove, and Manhasset.
According to a press release by Whole Foods, special features of the new Garden City store include:
Coffee bar featuring on-tap nitro cold brew and rotating tea flavors. Seasonal offerings for fall include pumpkin spice lattes, golden harvest lattes and…
Covid-19: Long Island Sees Slight Uptick In Cases, Here's Breakdown By Towns
Long Island has seen a slight uptick in positive COVID-19 cases though statewide numbers continue trending in the right direction.
There have now been 44,924 confirmed COVID-19 cases in Nassau, and 45,006 in Suffolk as each county saw less than 100 new cases in the latest numbers provided by the state Department of Health.
There have been 2,198 COVID-19 fatalities in Nassau and 2,005 in Suffolk.
On Long Island, the positive infection rate over the past three days:
Monday, Aug. 31: 1.0 percent;
Tuesday, Sept. 1: 0.8 percent;
Wednesday, Sept. 2: 1.1 percent.
New York Gov. Andrew Cuomo not…
