Tag: Ponzi scheme
Berkshire Bank sued for allegedly aiding $100M Ponzi scheme
PROVIDENCE – Berkshire Bank, a Boston-based bank with five locations throughout Rhode Island, is facing a federal class action lawsuit alleging it helped facilitate...
Mortgage broker sentenced to prison for Ponzi scheme, theft of $4.6M
PROVIDENCE – Mortgage broker Joseph Giuttari was sentenced to 55 months in federal prison for running a Ponzi scheme, fraudulently acquiring Coronavirus Aid, Relief...
Mortgage broker admits to fraudulent activities
PROVIDENCE – A Rhode Island mortgage broker admitted in federal court to running a Ponzi scheme, fraudulently acquiring Coronavirus Aid, Relief and Economic Security...
West Warwick man jailed 8 years for running Ponzi scheme
PROVIDENCE – A West Warwick man has been sentenced to eight years in prison for conducting a decadeslong Ponzi scheme that defrauded millions of...
R.I. attorney admits to Ponzi scheme costing clients $250K
PROVIDENCE – A Rhode Island personal injury lawyer pleaded guilty to wire fraud and tax evasion after admitting to conducting Ponzi scheme, U.S. Attorney...
In some investor scams, warning flags are waving
As a federal prosecutor, Lee H. Vilker deals with not only criminal defendants but the victims of those crimes.
Vilker, head of the criminal division...
West Warwick man pleads guilty to running $14M Ponzi scheme
PROVIDENCE – A West Warwick man admitted to conducting a decadelong Ponzi scheme that defrauded investors of roughly $6 million, the U.S. Department of...
Ponzi scheme leader sentenced to 8 years in federal prison, ordered...
PROVIDENCE – Monique N. Brady of East Greenwich, perpetrator of a $10.3 million Ponzi scheme, was sentenced Tuesday to eight years in federal prison...
$10M Ponzi scheme leader pleads guilty
PROVIDENCE – Monique N. Brady pleaded guilty to charges related to a $10 million Ponzi scheme fraud in U.S. District Court in Providence Thursday,...
R.I. man charged with defrauding investors in Ponzi scheme
PROVIDENCE – David Wagner of East Greenwich and Downing Partners LLC and its subsidiaries have been charged with defrauding investors out of millions of dollars.
Separate...
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