A man previously convicted for securities fraud has agreed to settle charges leveled against him by the Securities and Exchange Commission. Investigators took action after detecting his manipulation of stock prices for three microcap companies after he had been released under supervision for his earlier conviction. The director of the New York regional office for the SEC said that the agency had protected the investing public with this investigation.
A New York resident who bribes a witness or a public official may face serious repercussions. The definition of a "public official" may include a variety of categories including a member of Congress, a juror or a person employed by a department of the government.
The federal trial of an alleged ex-mob boss turned restaurateur opened on Jan. 30 in New York. The man is accused of collecting gambling debts for an East Coast crime syndicate and running a health care fraud that involved bribing doctors to write fake prescriptions. The man's defense attorney says he is being framed by other people who have an interest in trying to benefit themselves with the accusations. According to the man's attorney, he simply has a gambling problem that has made him vulnerable.
New York residents who have heard about the ongoing trials of former pharmaceutical executive Martin Shkreli may be interested to learn that, on June 26, more than 100 potential jurors in his fraud case ruled themselves out. The dismissed jurors said that they would be unable to reach an impartial decision due to his notoriety.
Responding to evidence gathered by the New York Department of Taxation and Finance, the attorney general pressed charges against two women accused of filing tax returns with false information. Authorities arrested the women, ages 33 and 34, of New York City and the Bronx, respectively, after they allegedly added fictitious nieces and nephews as dependents to tax returns in order to qualify for higher tax refunds.
A 51-year-old man from Oceanside faces the possibility of decades in prison if convicted of wire fraud and wire fraud conspiracy charges stemming from his alleged Ponzi scheme. The FBI and the U.S. Attorney's Office for the Southern District of New York worked in partnership with the Nassau County District Attorney's Office to investigate the man's activities over several years. Their findings indicate that he used investors' money to finance his gambling and otherwise enrich himself.
A New York insurance broker from Albany has been sentenced for his role in a $1 million securities fraud case. The man entered guilty pleas to securities fraud, failing to file state income tax returns and grand larceny. He was sentenced to serve nine years in prison.
On Jan. 27, it was reported that two men were facing charges after they were accused of scamming wealthy individuals who were interested in investing in New York ticket businesses. According to the report, authorities stated that the men enticed more than a dozen individuals to invest $81 million in the ticket businesses.
New York residents may be interested in learning that Alanis Morissette's entertainment manager embezzled $4.8 million from her. He also admitted to embezzling about $2 million more from two other clients who were not named.
The former head of an energy service company pleaded guilty to misappropriating $18.5 million in taxable profits to invest them in a mining operation in the Congo Republic. On Jan. 4, 2017, the man agreed to pay $670,000 as restitution for New York state taxes he evaded in 2006, 2007 and 2008. He also admitted to state felony charges of offering a false instrument of filing and tax fraud.