5 Years After Madoff: Long Island Man Charged with Orchestrating a $5 Million Ponzi Scheme

Almost five years to the day after Bernard Madoff was arrested in Manhattan, federal prosecutors in New York – yes, in New York – have charged a man with wire and mail fraud for allegedly operating a Ponzi scheme. The indictment alleged that Rocco, while acting as the president of a soccer...

Madoff Brother, Convicted and Jailed, Now is Disbarred

Peter Madoff – Bernard Madoff’s brother – has been disbarred. Just about five years to the day after Bernard Madoff’s Ponzi scheme came to light, just about one year to the day after Peter Madoff was sentenced to consecutive five year terms of imprisonment for each of his admitted...

The Case of the Counterfeit Wine

Financial fraud comes in all sizes and types. Including, it now turns out, in counterfeit wine. Wine dealer Rudy Kurniawan has been found guilty by a jury in Manhattan federal court for engaging in a scheme to manufacture and sell counterfeit bottles of purportedly rare and expensive wine for millions...

Not Dead: Former Bank Director Aubrey Lee Price. But, Under Arrest

Aubrey Lee Price, a former director of Montgomery Bank & Trust (“MB&T”) in Ailey, Georgia, is not dead after all. Well more than a year ago, Price sent acquaintances a suicide note stating that he planned to kill himself by throwing himself off a high speed ferry boat in Florida...

How Tech Support Refund Scams Work – and How to Avoid This Financial Fraud

So-called “tech support refund scams” are a new twist on an old fraud, and they often manage to defraud honest consumers. But, there are ways to avoid being the subject of this form of financial fraud. Tech support scams try to gain consumers’ trust and access to their computers...

80 New York Police and Fire Department Retirees Among 106 Charged in Alleged Social Security Disability Fraud

One hundred and six people have been charged with participating in a massive financial fraud against the federal Social Security Disability Insurance Benefits (“SSDI”) program that allegedly resulted in the loss of hundreds of millions of dollars from federal taxpayers. The four principal...

Former Social Security Administrator Sentenced to Federal Prison for Aggravated Identity Theft, Unauthorized Sale of Stock Certificates, and Tax Evasion

Randolph Hurst, a former assistant district manager for the Social Security Administration in Rhode Island, has been sentenced to 39 months in federal prison for stealing the identity of a Coventry, Rhode Island, man and using his identity to fraudulently sell more than $160,000 worth of stock certificates...

Disability Doctor Peter J. Lesniewski Sentenced to 8 Years in Prison for His Role in Long Island Railroad Fraud

Peter J. Lesniewski, a Board-certified orthopedist, has been sentenced in Manhattan federal court to eight years in prison for his role in the alleged massive fraud scheme in which Long Island Railroad (LIRR) workers claimed to be disabled upon early retirement so that they could receive disability benefits...