A prominent New York City landlord has been ordered to pay at least $63 million to investors he is accused of defrauding with what has been described by prosecutors as a Ponzi scheme. The Securities and Exchange Commission announced news of the court order on Jan. 30....
If you have been a victim of financial fraud in New York, it could take years to put your life back together. Therefore, it is important that you understand the nature of a Ponzi scheme or other attempts to take your hard-earned money. Common elements of a Ponzi...
New Yorkers who are facing white-collar crime allegations might not realize that the penalties for these charges can be severe with significant fines and jail time. Often, these crimes involve prominent people with recognizable names. For example, high-profile...
Taxpayers in New York could be charged with tax evasion if they willfully fail to report income or pay taxes owed. It is important to note that the IRS generally won't prosecute someone for making an honest mistake on a tax return. In such a scenario, an individual...
Most people are open to new opportunities and are always looking for new ways to make investments. While it is great to always be curious about new ventures, it is important that you also are skeptical at first before evaluating the claims of a scheme.If you have been...
Those who have been accused of money laundering have a lot at stake. If they are found guilty of the federally prosecuted crime, they will face severe consequences, including probable jail time. This is why it is paramount that those accused take immediate action to...
A former executive director of the Greek Orthodox Archdiocese of America has been accused of embezzlement in New York. The accusations date back to 2011 and accuse the now 55-year-old man of gaining more than $500,000 in church funds.It is alleged that the former...
Health care fraud is a surprisingly huge problem in the United States. The issue has become so significant that the Department of Justice has established a Health Care Fraud Unit so that the problems can be more adequately addressed.Since this type of fraud is now so...
A 23-year-old male from the Bronx is facing murder charges after he allegedly murdered a drug dealer. It is believed that he acted with an accomplice, who the police are still looking for.The incident took place in Fordham Heights in the late evening of July 11. It is...
The success of the stock market has a huge impact on the financial health of the United States. In the past, it was the case that stock market investors were benefiting from huge financial success for a certain amount of time, followed by a bursting of the bubble in...