September 29, 2020
A septuagenarian from Long Island will spend more than five years in federal prison for conning six would-be investors out of $19 million, authorities in New York said Tuesday.
June 28, 2019
Federal prosecutors and the U.S. Securities and Exchange Commission separately accused a 70-year-old Long Island, New York, man on Friday with running a $19.3 million Ponzi scheme to fund his lavish lifestyle.