Tag: Preet Bharara
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A CHILL ACROSS THE PONZI LANDSCAPE: Two Women Arrested, Charged With Helping Bernard Madoff Pull Off Epic Ponzi Scheme; ‘House Of Cards Is Almost Never Built By One Lone Architect,’ U.S. Attorney Says
BULLETIN: The FBI has arrested Joann Crupi of Westfield, N.J., and Annette Bongiorno of Boca Raton, Fla. The women were charged with helping Bernard Madoff pull off his Ponzi scheme by both actively participating in and concealing the epic fraud, federal prosecutors in New York said. The women had worked for Madoff for a combined…
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PONZI NEWS/NOTES: Judge Says Matthew Pizzolato ‘Swindled The Salt Of The Earth’; Feds Allege New Scheme In New York; Henri Zogaib Arrested Again In Florida
EDITOR’S NOTE: The briefs below summarize recent developments in Ponzi cases or actions in new Ponzi cases. Sentenced: Matthew B. Pizzolato, 26, Tickfaw, La. Ripped off senior citizens in Ponzi scheme. In sentencing Pizzolato to 30 years in federal prison, U. S. District Judge Lance M. Africk said Pizzolato “stole from hard working Americans†and…
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Irving Stitsky Sentenced To 85 Years In Real-Estate Ponzi Case; Judge Agrees With Prosecution, Calls Stitsky ‘Inveterate Con Man’
A federal judge has thrown the book at recidivist securities fraudster Irving Stitsky, agreeing with prosecutors that he is an “inveterate con-man” and sentencing him to 85 years in federal prison. Separately, a New York state appeals court — acting unanimously — reinstated portions of a civil lawsuit dismissed by a judge in 2008 that…
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New Jersey Woman Charged In Alleged $45 Million Ponzi Scheme; Antoinette Hodgson Faces Decades In Prison If Convicted
A New Jersey woman was arrested this morning on charges she fleeced more than 20 Greater New York investors by engineering a $45 million Ponzi scheme involving purported real- estate flips, the FBI said. Antoinette Hodgson, 58, of Montclair, New Jersey, was accused of conspiracy and wire fraud amid allegations she recruited clients by telling…
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TERROR SUSPECT CAPTURED: Faisal Shahzad Arrested At JFK Airport While Attempting To Flee To Dubai; Vehicle Involved In Failed Times Square Attack Reportedly Bought In All-Cash Deal On Craigslist
A naturalized U.S. citizen born in Pakistan was arrested at JFK Airport in New York late last night after he was removed from a flight bound for Dubai, authorities said. U.S. Attorney General Eric Holder announced the arrest of Faisal Shahzad in an extraordinary news conference in the middle of the night. President Obama was…
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FTC To Announce Major ‘Law Enforcement Sweep’; Justice Department, Postal Inspectors Will Be Present At News Conference Wednesday
Still pushing work-at-home schemes on the Internet? The Federal Trade Commission has a message for you. On Wednesday, the FTC will announce a major “law enforcement sweep cracking down on job and work-at-home fraud fueled by the economic downturn,” the agency said. Investigators will release “[s]till shots from the Web sites of some of the…