Find Your Daily Voice
Tags
Follow
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Traffic
Legal
Real Estate
Tags
Jobs
Shop
Support Us
Follow
Find Your Daily Voice
News
Schools
Business
Obituaries
Police & Fire
Weather
Neighbors
Lifestyle
Politics
Sports
Events
Traffic
Legal
Real Estate
Readers Choice
Tags
Jobs
Shop
Support Us
Home
About us
All sites
Advertise with us
Contact us
Terms of use
Privacy policy
Code of ethics
Site Map
© 2025 Cantata Media
Norwalk, CT
News
Financial Adviser From Norwalk Charged In Multimillion-Dollar Ponzi Scheme
A financial adviser from Fairfield County is facing charges for allegedly running a yearlong multi-million dollar Ponzi scheme. Norwalk resident James Booth, 74, who operated Booth Financial Associates, allegedly solicited money from clients, falsely promising to invest the money in opportunities offered outside of their ordinary advisory and brokerage accounts. In total, Booth fraudulently obtained nearly $5 million from his customers. Instead of investing their money, Booth used it to pay personal and business expenses, U.S. Attorney Geoffrey Berman said. Booth was arrested on Monda…
Tappan-Blauvelt, NY
News
Madoff Ponzi Scheme Victims To Get New $469M Distribution, Bringing Payout To $2.4B
Thousands of Bernie Madoff’s Ponzi Scheme victims will see some more relief as the Department of Justice begins the latest distribution of more than $469 million. This week, the Madoff Victim Fund, which was established by the DOJ, began distributing $469.6 million in additional funds that were forfeited to the government in connection to Madoff's scheme. The money will be distributed to more than 27,000 victims, bringing the total to approximately $2.4 billion. The latest distribution marks the fourth in a series of payments from the Madoff Victim Fund as part of Madoff’s fraud, which tot…
Mount Pleasant, NY
News
Area Broker Sentenced For Ripping Off Millions From Investors In Ponzi Scheme
A prominent Hudson Valley investment adviser will spend more than a decade behind bars after admitting to defrauding clients out of more than $11 million. Hector May, 78, of Orangeburg in Rockland County, the former president of Executive Compensation Planners in Manhattan has been sentenced to 13 years in prison and ordered to pay $8.4 million in restitution to his victims. May pleaded guilty to one count of conspiracy to commit wire fraud in White Plains federal court late last year. According to the U.S. Attorney's Office, May admitted that from 1995 through last year, he use…
Parsippany-Troy Hills, NJ
News
'Like Watching Him Go Through Chemo': Clayton Morris Moves To Portugal With Worried Wife
A former FOX News talkshow host accused of being involved in a real estate Ponzi scheme have moved out of the U.S. Clayton Morris and his wife, Natali, first left their Florham Park for Pennsylvania, but have resettled in Portugal. Morris is facing more than two dozens lawsuits saying he organized a scheme that defrauded customers for his own financial gain when he sold them rental properties that were in much worse shape than advertised. Natali wrote on her website that the media attention and accusations were taking their toll on her husband, facing dozens of lawsuits from across th…
Fairfield, CT
News
CT Investment Adviser Found Guilty Of $1.5M Ponzi-Like Fraud Scene
A Connecticut jury has found a former investment adviser guilty on all counts of a 21-count indictment accusing him of running a Ponzi-like scheme to the tune of $1.5 million. Leon Vaccarelli, 42, has been found guilty in New Haven district court of numerous fraud and money laundering charges stemming from an elaborate investment scheme that saw him defraud more than a dozen victim investors. U.S. Attorney John Durham said that Vaccarelli, of Waterbury, was a registered representative of The Investment Center, and was an investment adviser with IC Advisory Services, Inc. He also was the own…
Mount Pleasant, NY
News
Westchester Real Estate Developer Sentenced For Operating Ponzi Scheme, Ordered To Forfeit $58M
A real estate developer will spend time behind bars for operating a years-long $58 million Ponzi scheme that included properties in the area. Michael D’Alessio, 53, was sentenced on Friday, April 5 to six years in prison for his elaborate scheme to defraud investors in luxury real estate developments in Manhattan, the Hamptons, Westchester and elsewhere. In addition to the prison term, D'Alessio was sentenced to three years of supervised release and order to pay forfeiture in the amount of $58,090,047. D'Alessio is the former president and CEO of real estate development firm Michael …
Mount Pleasant, NY
News
Financial Adviser Admits To Stealing $11.5M From Clients
Hector May, a prominent investment adviser, has pleaded guilty to federal charges to participating in a conspiracy to defraud clients in the area out of more than $11 million. May, 77, of Orangeburg in Rockland County, the president of Executive Compensation Planners in New York City, admitted stealing the money with the help of an unindicted co-conspirator, said Geoffrey S. Berman, the U.S. Attorney for the Southern District of New York announced on Thursday. He pleaded guilty to one count of conspiracy to commit wire fraud before U.S. Magistrate Judge Judith C. McCarthy in…
Hackensack, NJ
News
Ex-Bergen County Man Charged In $900G Ponzi Scheme That Funded Amazon Purchases, Cars, Golf
A former Bergen County man was arrested in Kansas and charged with running a foreign currency Ponzi scheme in which he stole $900,000 from at least 20 investors to pay for a luxury car, jewelry and golf, U.S. Attorney Craig Carpenito announced. Thomas Lanzana, 51 formerly of Midland Park, was charged by complaint with one count each of wire fraud and commodities fraud, Carpenito said. He made an initial appearance Wednesday in federal court -- hours after his Park City, Kansas arrest. Lanzana -- who had been living in South Carolina -- in 2013 began convincing prospective clients to invest…
White Plains, NY
News
New Payoff To Thousands Of Victims Of Madoff Ponzi Scheme Totals $695 Million
Thousands of Bernie Madoff’s Ponzi Scheme victims will soon see some relief, as the Department of Justice begins the latest distribution of nearly $700 million. This week, the Madoff Victim Fund, which was established by the DOJ, began distributing $695.4 million in funds that were forfeited to the government in connection to Madoff’s scheme. The money will be distributed to more than 27,000 of Madoff’s victims, many of whom call the area home. The latest distribution marks the third in a series of payments from the Madoff Victim Fund as part of Madoff’s fraud, which totaled more than $4 bi…
Mount Pleasant, NY
News
Westchester Developer Admits To Ponzi Scheme, Could Face Decades In Prison
A real estate developer has admitted to operating a years-long Ponzi scheme that included properties in Westchester. Michael D’Alessio, 53, has pleaded guilty to one count of committing wire fraud and one count of concealing assets from a bankruptcy court. He faces up to 20 years in prison and hundreds of thousands of dollars in fines when he is sentenced on March 22 next year. The elaborate scheme involved defrauding investors of luxury real estate developments in Manhattan, the Hamptons, Westchester and other locales. D'Alessio is the former president and CEO of real estate deve…
Armonk, NY
News
Westchester Native, Ousted
Wfan
Radio Host Craig Carton Found Guilty Of Ponzi Scheme
After just a weeklong trial, former WFAN sports talk personality and Westchester native Craig Carton has been found guilty on all counts in his fraud trial. The 49-year-old Carton, who grew up in New Rochelle, was found guilty of wire fraud, securities fraud and conspiracy for his role in a Ponzi scheme, which was aimed with an eye toward clearing gambling debt. The scheme was tied to a fake ticket scam. The trial kicked off last week on Oct. 31. Carton now faces up to 45 years in prison following the conviction. He remains released on bail. “The government is dead wrong. The government ha…
Armonk, NY
News
Westchester Native, Ousted
Wfan
Radio Host Craig Carton's Trial Underway
Westchester native and former WFAN sports talk personality Craig Carton’s fraud trial has started this week. The 48-year-old Carton, who grew up in New Rochelle, has been charged with wire fraud, securities fraud and conspiracy for his role in an alleged Ponzi scheme, which was allegedly aimed with an eye toward clearing gambling debt. The scheme was tied to a fake ticket scam. In his opening statement, Assistant U.S. Attorney Brendan Quigley said that Carton diverted the money to pay for gambling debt and personal expenses. Carton’s lawyers have reportedly said he is the victim of an alleg…
Next Page
Archive
