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Wfan May Welcome Back Westchester's Craig Carton After Prison Stint, Reports Say
Could disgraced WFAN sports radio talking head Craig Carton make a return to the station after serving out his jail sentence for operating a Ponzi scheme?
The Westchester native is reportedly on the radar of WFAN higher-ups after “ally” Chris Oliviero was hired in May to run WFAN as Entercom’s senior vice president and market manager.
Last April, Carton, who grew up in New Rochelle, was ordered to spend 42 months in prison, three years of supervised release, and ordered to pay $4,835,186.56 in restitution and to forfeit $4,590,000 for running the Ponzi scheme that reportedly covered his g…
Morristown Adviser In Investment Scams Fined $750,000, Loses Registration
A Morristown investment adviser was fined $750,000 and had his registration pulled for selling more than $12 million of unregistered securities in New Jersey, some of which were tied to Ponzi schemes and other scams, state authorities said Tuesday.
Gary Scheer, managing member and sole investment adviser representative of Retirement Financial Advisors, LLC in Morristown, recommended and sold unregistered securities to at least 50 investors from 2010 through 2018, state Attorney General Gurbir S. Grewal said.
He made more than $600,000 in commissions on the sales, which involved franchises, …
Father-Son Investment Scammers From Bergen Get State Prison Time Tacked Onto Federal Sentences
Having been sentenced to federal time, two members of a Bergen County family of con artists received state prison terms Friday in Hackensack for defrauding investors in back-to-back multi-million dollar scams.
George Bussanich Sr., 61, of Park Ridge, was sentenced to 10 years in state prison, while George Bussanich Jr., 40, of Saddle River, was sentenced to eight years in state prison.
Bussanich Sr.’s wife, Wilma Bussanich, 58, was sentenced Friday to five years of probation and 125 hours of community service for a previous guilty plea to money laundering.
Last March, George Bussanich Sr. …
Husband And Wife From W. New York Admit Running $500K Ponzi Scheme
A married couple from West New York pleaded guilty to multiple offenses related to an investment firm that was really cover for a Ponzi scheme, the U.S. Attorney for New Jersey said Monday.
Alcibiades Cifuentes, 36, and his wife Jennifer Wee Cifuentes, 38, ran a hedge fund, Cifuentes Fund Management, which they said was investing in foreign currencies and commodities.
In reality, for three years beginning in 2012, the couple took investors' money and bought jewelry, an Audi R8 and other items. They took some cash from more recent investors in the fund and gave it to older invest…
