Police: Fugitive DWI Health Aide Crashes Sedan Into Bus In Cliffside Park, Injures Patient, 80 Police: Fugitive DWI Health Aide Crashes Sedan Into Bus In Cliffside Park, Injures Patient, 80
Police: Fugitive DWI Health Aide Crashes Sedan Into Bus In Cliffside Park, Injures Patient, 80 UPDATE: A home health aide who's wanted out of Florida was drunk when her sedan slammed into a commuter bus in Cliffside Park early Wednesday evening, injuring her 80-year-old patient, police said. Police charged Mary Ellen Digiacomo, 63, of Ridgefield, with DWI and endangering an elderly person following the 5:30 p.m. crash on Walker Street, Detective Capt. Vincent Capano said. They also issued several summonses, he said. Digiacomo's patient was taken to Palisades General Hospital in North Bergen with a hip injury, among other ailments, Capano told Daily Voice. The NJ Trans…
FBI Nabs Alleged NJ Accomplice Of Accused Multi-Million-Dollar Blockchain Swindler FBI Nabs Alleged NJ Accomplice Of Accused Multi-Million-Dollar Blockchain Swindler
FBI Nabs Alleged NJ Accomplice Of Accused Multi-Million-Dollar Blockchain Swindler A notorious hedge fund manager who spent four years in prison for a massive scam in Canada adopted a new identity in New York, where he conspired with an Essex County woman in a $30 million blockchain investment scam that cashed in on the crypto tech boom, federal authorities charged. Edith Pardo, 68, of Bloomfield was arrested Friday by the FBI for her alleged role in the scam that U.S. Attorney Craig Carpenito said was orchestrated by Boaz Manor, 46, of Toronto. A federal grand jury indicted both on wire and securities fraud and conspiracy charges, Carpenito said. Pardo had an initial a…
Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme
Ex-Long Island Investment Advisor Sentenced For Multi-Million Dollar Ponzi Scheme An investment advisor from Long Island will spend more than a decade behind bars for his role in defrauding his elderly victims in a multimillion-dollar scheme, U.S. Attorney Richard Donoghue announced. East Setauket resident Steven Pagartanis, 60, was sentenced to a term of 170 months in prison and ordered to pay more than $6.5 million in restitution after pleading guilty in December to conspiracy to commit mail and wire fraud for orchestrating a securities fraud scheme over the course of 18 years.   “Today’s sentence is a well-deserved reckoning for Pagartanis, who preyed on el…
Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme
Fairfield County Investment Fund Co-Founder Admits To Multimillion-Dollar Fraud Scheme The former co-founder of a multi-million dollar hedge fund has admitted that he lied to his investors and misappropriated nearly $20 million as part of a Ponzi scheme. Jason Rhodes of Fairfield County pleaded guilty to securities fraud, wire fraud, investment adviser fraud, and conspiracy charges in connection with his participation in a scheme to defraud approximately 25 investors in Sentinel Growth Fund Management, a hedge fund he co-founded.  In total, he bilked investors out of approximately $19.6 million by lying to them and using investor funds for his own personal use and t…
Stamford Man Sentenced For $2M Investment Scheme Stamford Man Sentenced For $2M Investment Scheme
Stamford Man Sentenced For $2M Investment Scheme The former CEO of a Fairfield County business has been sentenced to nearly a decade in prison after being convicted of defrauding investors of more than $2 million, including several women he met on an online dating website. Stamford resident Thomas Connerton, the founder, president, and CEO of Safety Technologies, LLC, which operated out of Westport, Stamford, Madison, and Simsbury, was found guilty in federal court for his role in a $2 million investment scheme. On Thursday, Dec. 19, Connerton was sentenced to 108 months in prison, followed by three years of supervised release for hi…
Ex-Investment Bank Director From Long Island Sentenced For Insider Trading Scheme Ex-Investment Bank Director From Long Island Sentenced For Insider Trading Scheme
Ex-Investment Bank Director From Long Island Sentenced For Insider Trading Scheme A former Wall Street investment banker from Long Island has been sentenced after being convicted of insider trading for a second time after illegally tipping his father off to healthcare industry mergers. North Merrick resident Sean Stewart, 38, a former senior investment banker at two New York-based investment banks was sentenced to 24 months in prison following his conviction after a seven-day trial for illegally providing tips to his father, Robert Stewart, with non-public information. In addition to his prison term, Stewart was sentenced to three years of supervised release. He's due to…
LI Corporate Insider Convicted Of Conspiring To Pump, Dump Stock On Unsuspecting Investors LI Corporate Insider Convicted Of Conspiring To Pump, Dump Stock On Unsuspecting Investors
LI Corporate Insider Convicted Of Conspiring To Pump, Dump Stock On Unsuspecting Investors A corporate insider was found guilty in Central Islip federal court of conspiring with others at a Long Island boiler room to “pump and dump” stocks on elderly investors. Michael Watts, a former registered broker, was found guilty at a trial of promoting and manipulating the prices of shares in Hydrocarb Energy Corp. and other companies. Watts, 63, who now lives in Texas, was convicted of conspiracy to commit securities fraud, securities fraud, conspiracy to commit wire fraud, money laundering conspiracy and money laundering.  The verdict followed a three-week trial before United Stat…
Financial Advisor Admits To Running $5M Ponzi Scheme, SDNY Says Financial Advisor Admits To Running $5M Ponzi Scheme, SDNY Says
Financial Advisor Admits To Running $5M Ponzi Scheme, Sdny Says A financial adviser from Fairfield County admitted to running a yearlong multi-million dollar Ponzi scheme. Norwalk resident James Booth, 74, who operated Booth Financial Associates, pleaded guilty solicited money from clients, falsely promising to invest the money in opportunities offered outside of their ordinary advisory and brokerage accounts. Booth pleaded guilty to one count of securities fraud. When he is sentenced on Feb. 21 next year, he will face up to 20 years in prison. In total, Booth fraudulently obtained nearly $5 million from his customers. Instead of investing their money,…
Ex-Wall Street Trader From Long Island Admits To Running $19M Ponzi Scheme Ex-Wall Street Trader From Long Island Admits To Running $19M Ponzi Scheme
Ex-Wall Street Trader From Long Island Admits To Running $19M Ponzi Scheme A former Wall Street trader from Long Island admitted to running a years-long near $20 million Ponzi scheme Manhasset resident Paul Rinfret, 70, pleaded guilty to securities fraud and wire fraud charges in Manhattan federal court for the scheme to defraud investors by selling limited partnership interests in an entity through which he purported to trade in futures contracts relating to the S&P 500 utilizing a bespoke algorithm he had developed. According to United States Attorney for the Southern District of New York Geoffrey Berman, Rinfret boasted of “extremely high returns in his tra…
Financial Adviser From Norwalk Charged In Multimillion-Dollar Ponzi Scheme Financial Adviser From Norwalk Charged In Multimillion-Dollar Ponzi Scheme
Financial Adviser From Norwalk Charged In Multimillion-Dollar Ponzi Scheme A financial adviser from Fairfield County is facing charges for allegedly running a yearlong multi-million dollar Ponzi scheme. Norwalk resident James Booth, 74, who operated Booth Financial Associates, allegedly solicited money from clients, falsely promising to invest the money in opportunities offered outside of their ordinary advisory and brokerage accounts.  In total, Booth fraudulently obtained nearly $5 million from his customers. Instead of investing their money, Booth used it to pay personal and business expenses, U.S. Attorney Geoffrey Berman said. Booth was arrested on Monda…
Ex-CEO From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock Ex-CEO From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock
Ex-ceo From Long Island Admits Scheme To Defraud Victims In Sale Of Worthless Stock A former CEO from Long Island admitted to his role in a scheme to defraud the elderly victims in the sale of worthless stock. Dix Hills resident Keith Orlean - also known as “Jack Allen” - pleaded guilty in district court to participating in a scheme to target elderly persons to solicit purchases of stock in a series of valueless companies through a variety of lies and misrepresentations. U.S. Attorney Geoffrey Berman said that for several years, Orlean and his co-conspirators operated a fraudulent scheme in which a salesman named “Mike Palmer” would call elderly people and offer them a “ti…
Ex-Investment Banker From Long Island Convicted For Insider Trading Scheme Ex-Investment Banker From Long Island Convicted For Insider Trading Scheme
Ex-Investment Banker From Long Island Convicted For Insider Trading Scheme A former Wall Street investment banker from Long Island has been convicted of insider trading for a second time after illegally tipping his father off to healthcare industry mergers. North Merrick resident Sean Stewart, 38, a former senior investment banker at two New York-based investment banks was convicted following a seven-day trial for illegally providing tips to his father, Robert Stewart, with non-public information. Stewart was found guilty of providing his father with non-public information concerning five separate corporate acquisitions before they were announced, U.S. Attorney Ge…