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3 with ties to Ponzi scheme charged

Three major associates of Nicholas Cosmo, the mastermind of a $400 million Ponzi scheme, were arraigned on an indictment Wednesday charging them with conspiracy, as well as mail, wire and securities fraud, officials said. The three — Jason Keryc, 34, of Wantagh; Anthony Ciccone, 39, of Locust Valley; and Diane Kaylor, 36, of Bethpage — […]

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Two Indicted in Fraud Scheme

A federal grand jury has indicted Richard Shusterman, age 50, of Highland Beach, Florida, and Jonathan E. Rosenberg, age 44, of West Orange, New Jersey, on charges of conspiracy and wire fraud, in connection with a scheme to defraud equity investors and asset-based lenders in medical accounts receivable of more than $275 million. The indictment […]

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Two indicted in Ponzi scheme

A federal grand jury in Baltimore indicted two men Friday on conspiracy and wire fraud charges in a scheme to defraud investors and lenders of $275 million. Richard Schusterman, 50, of Highland Beach, Fla., and Jonathan Rosenberg, 44, of West Orange, N.J., were named in the indictment. A statement by the U.S. Department of Justice […]

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Receiver imposes deadline for Ponzi scheme investors who profited

Receiver Kenneth Bell sent emails earlier this year to 16,000 investors who made money from the Lexington, N.C.-based online company ZeekRewards. He also posted a letter on the ZeekRewards receivership website, saying the investors, or net winners, had until May 31 to contact his office to negotiate a settlement or face possible legal action. “It’s […]

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OC resident sentenced to 8 years for Ponzi scheme

A 70-year-old Orange County man has been sentenced to eight years in federal prison for running a Ponzi scheme that bilked more than two dozen investors out of nearly $3 million. The Orange County Register reports (http://bit.ly/10yzYWf) Timothy Melvin Murphy was also ordered Tuesday to pay $2.95 million in restitution. Murphy pleaded guilty last year […]

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