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Tag Archives: Ponzi scheme

Feds: Arrests in scam banking on ‘Hamilton,’ Adele shows

NEW YORK — Two men were charged Friday with roles in Ponzi schemes that cheated wealthy people, including some who believed they were investing in ticket businesses for popular shows like an Adele concert and Broadway’s “Hamilton.” Joseph Meli, 42, ...

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No one connected dots in scheme

In the years before Mark Nordlicht was arrested for what’s alleged to be one of the biggest investment frauds since Bernie Madoff’s, U.S. authorities had plenty of reasons to suspect something might have been fishy about his hedge fund, Platinum ...

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Wyoming County man cleared in Ponzi scheme

A jury has found that Robert Burt of Perry, Wyoming County, was a victim and not part of a day-trading Ponzi scheme that also defrauded other Perry residents. The verdict, which followed six days of testimony, was rendered after 30 minutes of deliberation.

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LI businessman pleads guilty in $413M Ponzi scheme

CENTRAL ISLIP — A New York businessman nicknamed a "mini-Madoff" because he was arrested only weeks after the billion-dollar swindler, pleaded guilty Friday to charges he orchestrated a $413 million Ponzi scheme that victimized thousands of investors.

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