New Jersey Ponzi schemes
PP Blog Tag archives on references to "New Jersey Ponzi schemes."
Purported ‘Secret’ Computer Program And ‘Proprietary Computer Algorithm’ Were Launching Ground For Forex Swindle, Feds Say; George Sepero Charged Amid Allegations He Also Defrauded Elderly Widow With Serious Medical Problems Out Of Her Life Savings In Separate Scam
UPDATED OCT. 19, 2013. George Sepero has been sentenced to 100 months in federal prison. Our earlier story is below and has been edited to correct spelling. The word “proprietary” has been used again to mask a large financial swindle, federal prosecutors said. George Sepero, 39, of Glen Rock, N.J., has been indicted on charges […]
BULLETIN: Jenifer Devine, New Jersey Woman At Helm Of ‘Wholesale Fraud,’ Sentenced To 37 Months For Ponzi Scheme
Jenifer Devine, the New Jersey woman accused of presiding over a Ponzi scheme involving a purported wholesale clothing and electronics business, has been sentenced to 37 months in federal prison, federal prosecutors said. Devine, 40, of Fair Lawn, was arrested in November 2010, amid allegations she lured investors with outsize returns of up to 25 […]
UPDATE: Philadelphia Attorney Alleged To Be New Jersey Ponzi Schemer And Thief Arrested In Alabama With ‘Passports And Maps’
UPDATE: Police officers in Dothan, Ala., arrested Philadelphia lawyer and accused New Jersey thief and Ponzi schemer Michael W. Kwasnik yesterday at the Greyhound bus station in Dothan, according to a statement issued by Dothan police Chief Gregory J. Benton. Kwasnik was found in possession of “items essential for out of country travel such as […]
BULLETIN: New Jersey Ponzi Scheme Figure Jenifer Devine Pleads Guilty To Wire Fraud; Case Was Brought By Financial Fraud Enforcement Task Force
A New Jersey woman accused of operating an $8 million Ponzi and investment-fraud scheme has pleaded guilty to wire fraud. Jenifer Devine, 39, of Fair Lawn, was accused in November 2010 of ripping off investors in a purported wholesale business known as Devine Wholesale, which purportedly offered clothing and electronics. But it was a promissory-notes […]