Keyword: Ponzi
11 results total, viewing 1 - 10
John Quadrino was sentenced to more than three years  in prison and shell out more than $3.3 million after admitting in court he devised a Ponzi scheme to help maintain his gambling habit. more
John Quadrino was sentenced to more than three years  in prison and shell out more than $3.3 million after admitting in court he devised a Ponzi scheme to help maintain his gambling habit. more
Mark Morewitz had thought he met his financial fairy godmother, Oceansider Laurie Schneider. She ran several businesses and everyone who invested with her was earning money. But Schneider was really running a $6.9 million Ponzi scheme — and Morewitz paid the price. more
The Oceanside woman who pleaded guilty in February to running a Ponzi scheme that defrauded investors out of nearly $7 million was sentenced to three years in prison by a federal judge last Friday, … more
At a federal court in Central Islip on Feb. 28, Oceanside businesswoman Laurie Schenider pleaded guilty to operating a Ponzi scheme that federal prosecutors said defrauded 30 investors of a total of … more
Oceanside businesswoman Laurie Schneider was indicted by a federal grand jury last week on charges of running a Ponzi scheme that allegedly defrauded investors of more than $4 million. According … more
Nassau County District Attorney Kathleen Rice’s office has said that Rockville Centre resident and well-known Oceanside community member Jay Korn acted alone in his alleged Ponzi scheme before … more
Oceanside resident Laurie Schneider was arrested by FBI agents on Tuesday, April 13 on charges she was running a Ponzi scheme. According to a complaint filed by Special Agent Matt Galioto with the … more
Named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme in the 1920s, a Ponzi scheme is defined by the U.S. Securities and Exchange … more
In the days following Hempstead attorney Jay Korn's suicide, 78 complaints from victims alleging that he defrauded them out of a total of $23.7 million have been filed with the Nassau County district … more
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