Rockland County man convicted for running multimillion-dollar ponzi and embezzlement schemes
Audrey Strauss, the United States Attorney for the Southern District of New York, announced that Ruless Pierre was convicted in Manhattan federal court today of securities fraud, wire fraud, and structuring charges. Pierre was convicted after a trial before Judge Sidney Stein. U.S. Attorney Audrey Strauss said: "Today, Ruless Pierre was brought to justice for callously lying to investors. Pierre told investors their investment returns were excellent, when in fact he failed to invest investor funds as promised, generated losses when he did invest, and diverted much of investor funds to his per...
Source: irs.gov