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Jason Kurland, 49, was convicted of steering winners’ money into his own business and losing millions of their funds in a Ponzi scheme and shady COVID-era scheme.

Long Island attorney Jason “Jay” Kurland, 47, befriended Lotto winner Nandlall Mangal over the course of his professional relationship with the newly minted mega-millionaire, but the lawyer betrayed that trust, convincing him to invest in businesses he owned and got kickbacks from, federal prosecutors say.

January 11, 2021 On Dec. 30,  jewelry wholesaler Gregory Altieri, 53, pled guilty in New York federal court to wire fraud, for running what the government calls a two-year $200 million Ponzi scheme. Altieri also admitted to securities fraud as part of the plea. A Securities and Exchange Commission complaint said that Altieri worked as a salesperson in the jewelry industry for more than 20 years before starting LNA Associates in 2006. Altieri was listed as the Melville, N.Y.–based company’s CEO. According to a government press release, beginning in August 2017, Altieri solicited between ...

A 53-year-old man has admitted to running a $200 million Ponzi scheme in New York based on false statements to investors about inflated returns for nonexistent wholesale jewelry deals, federal authorities announced on Wednesday, Dec. 30....

Long Island jewelry wholesaler, 53, pleads guilty in $200million Ponzi scheme that targeted police and firefighters after blaming his failure to pay investors on the pandemic Federal prosecutors said Gregory Altieri, 53, of Melville, New York, pleaded guilty to wire fraud and securities fraud in a $200 million Ponzi scheme The suburban New York jewelry wholesaler targeted current and retired police officers and firefighters by promising them high profits on the resale of jewelry Altieri faces up to 20 years in prison at his scheduled March 31, 2021, sentencing Prosecutors said when Altier...