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☆ Former New York cop charged with swindling investors in foreign exchange trading fund
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Peace's office said that as Rodriguez, who was arrested Wednesday, lost an increasing amount of money in trading in foreign exchange, he used money from new investors to pay prior investors their promised investment returns. Ex-cop Jason Rodriguez, 37, is accused of falsely promising investors in his fund, Technical Trading Team, that there would be guardrails to protect the trading risks for their money. That included a vow to never put a maximum of 1% of investors' funds at risk at any given time, the indictment says. A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange -focused investment fund, prosecutors said Wednesday. The suit says the defendants lost more than $3 million in trading forex on a leveraged basis, and "misappropriated participant funds for personal use."

Persons: Peace, cryptocurrency, Rodriguez, Attorney Breon, Jason Rodriguez, Benjamin Yaster, Edwin Carrion, Carrion, Danielle Hass, TTT, Defendants Organizations: Attorney, Eastern, of, U.S . Justice, Washington , D.C, Brooklyn U.S, Trading, New York Police Department, NYPD, Attorney's, U.S, Futures Trading Commission, Commodity, CFTC, Investments, CNBC PRO Locations: of New York, Washington ,, New York City, Bellerose , Queens, U.S, Brooklyn, Florida, Colombia, TTT

☆ Jam Master Jay killing: 2 men found guilty of murder in 2002 killing of Run-DMC’s DJ
▼ + stars: | 2024-02-27 | by ( Eric Levenson | Jeff Winter | ) edition.cnn.com time to read: +6 min

CNN —Two men were found guilty of murder Tuesday in the 2002 killing of Jam Master Jay, the pioneering DJ of the groundbreaking hip hop trio Run-DMC, in a case that for decades frustrated detectives and music fans alike. Ronald Washington, Jay’s childhood friend, and Karl Jordan Jr., Jay’s godson, were convicted of murder while engaged in narcotics trafficking and firearm-related murder. G. Paul Burnett/APThe verdict comes more than 20 years after Jam Master Jay, born Jason Mizell, was fatally shot at a recording studio in Jamaica, Queens, on October 30, 2002. They know who killed Jam Master Jay. How Jam Master Jay pioneered a new soundThe trial comes four decades after Jam Master Jay teamed up with Queens friends Run (Joseph Simmons) and DMC (Darryl McDaniels) to form the hip hop group Run-DMC.

Persons: Jay, Ronald Washington, Karl Jordan Jr, Jay’s, “ Y’all, ” Washington, Jordan, “, ”, Carlis Thompson, “ It’s, “ Jason, I’m, ” Jordan, Jason Mizell, Paul Burnett, Jay Bryant, Bryant, Breon Peace, Uriel Rincon, Artie McConnell, “ Jay Bryant, Michael Hueston, Susan Kellman, Washington’s, they’d, Mizell, Joseph Simmons, Darryl McDaniels, Aerosmith, Tricky, “ King Organizations: CNN, Garden, Eastern, of, WABC, Queens, Adidas, Stone, Duo, Hall of Fame, MTV, of Fame Locations: Washington, New, Jamaica, Queens, of New York, Jay

☆ A man accused of stealing missile-tracking secrets had applied to 'talent programs' run by the Chinese government, DOJ says
▼ + stars: | 2024-02-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A man in California was charged with stealing trade secrets from a defense contractor. The Justice Department said the secrets involved information on missile-tracking technology. The man had previously applied to serve the Chinese government, prosecutors said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gong, a native of China, is a resident of San Jose and has been a US citizen since 2011, the DOJ said.

Persons: —, Chenguang Gong, Gong, Martin Estrada, Breon Organizations: Justice Department, Service, DOJ, US Department of Defense, Central, Central District of, FBI, Eastern, of, Department of Justice Locations: California, China, San Jose, Malibu , California, Central District, Central District of California, People's Republic of China, Iran, of New York, of Iran

☆ Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
▼ + stars: | 2024-01-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A man described as an "experienced anti-money laundering specialist" pleaded guilty on Wednesday to illegally funneling more than $1 billion in lucrative, high-risk transactions through small financial institutions, the U.S. Department of Justice said. The man, 56-year-old Gyanendra Asre of Greenwich, Connecticut, pleaded guilty in Brooklyn federal court to one count of failing to maintain an anti-money laundering program in violation of the Bank Secrecy Act. The U.S. Department of the Treasury's Financial Crimes Enforcement Network, meanwhile, on Wednesday assessed a $100,000 civil penalty on Asre and banned him from participating in any financial institution's affairs for five years. He had previously been employed as a senior vice president at a domestic bank, and was "experienced in international banking and trained in anti-money laundering compliance and procedures," the DOJ said. Asre "represented to the NYSEFCU that he and his businesses would conduct appropriate anti-money laundering oversight as required by the Bank Secrecy Act," according to the DOJ.

Persons: Asre, Attorney Breon Peace Organizations: U.S . Department of Justice, DOJ, U.S . Department, Network, U.S, Attorney, New York, Employees Federal Credit Union, Bank Locations: Greenwich , Connecticut, Brooklyn

☆ George Santos accused of stealing campaign donors' credit card information and paying his own campaign in new superseding indictment
▼ + stars: | 2023-10-10 | by ( Katherine Tangalakis-Lippert | Erin Snodgrass | Jacob Shamsian | ) www.businessinsider.com time to read: +4 min

Federal prosecutors say the New York Republican stole donor credit card information to pay his own campaign. AdvertisementAdvertisementRep. George Santos on Tuesday was hit with 23 new charges of conspiracy, wire and credit card fraud, falsification of records, and aggravated identity theft. In the superseding indictment, officials for the US Attorney's Office Eastern District of New York said the New York Republican stole donor credit card information to pay his own campaign. Officials in the indictment detailed two different schemes they allege Santos used to present his campaign as more financially viable than it actually was then later steal credit card information from donors to pay for his campaign. "On one occasion, Santos charged $12,000 to the Contributor's credit card, ultimately transferring the vast majority of that money into his personal bank account."

Persons: George Santos, Santos, —, Breon Peace, Nancy Marks Organizations: New York Republican, Service, US Attorney's, of, United Locations: Eastern, of New York

NEW YORK (AP) — U.S. Rep. George Santos stole the identities of donors to his campaign and then used their credit cards to ring up tens of thousands of dollars in unauthorized charges, according to a new indictment filed Tuesday. In the updated indictment, prosecutors accuse Santos of charging more than $44,000 to his campaign over a period of months using cards belonging to contributors without their knowledge. Santos’ personal and professional biography as a wealthy businessman began to unravel soon after winning election to represent parts of Long Island and Queens last year, revealing a tangled web of deception. Santos was not initially charged in the criminal complaint against Marks, but was identified in court papers as a “co-conspirator." Because the unauthorized charges exceeded contribution limits under federal law, Santos listed the additional payments as coming from his own unwitting relatives, prosecutors allege.

Persons: George Santos, Santos, Attorney Breon Peace, “, ”, Santos ’, — Santos, Nancy Marks, Marks, Long, Sam Miele, Miele, Kevin McCarthy, Kevin Marino, Farnoush Amiri Organizations: — U.S . Rep, New York Republican, Federal Elections Commission, Republican Party, Attorney, U.S Capitol, Queens, Republican, Prosecutors, GOP Rep, Press Locations: ” U.S, Long Island, Santos, Washington

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A former Deutsche Bank (DBKGn.DE) investment banker, who was charged in April with misappropriating funds from investors he wooed with promises of big returns from cryptocurrency trading, pleaded guilty on Tuesday, the U.S. Justice Department said. Rashawn Russell faces up to 30 years in prison when sentenced, the Justice Department said in a statement. As part of his plea agreement, Russell will be required to pay restitution in the amount of more than $1.5 million. Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in his indictment. His LinkedIn profile stated that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020.

Persons: Dado Ruvic, Rashawn Russell, Russell, Breon, Deutsche, Kanishka Singh, Lincoln Organizations: REUTERS, Rights, Deutsche Bank, U.S . Justice Department, Justice Department, United, Prosecutors, U.S, Thomson Locations: Washington

☆ US judge throws out two soccer bribery convictions
▼ + stars: | 2023-09-02 | by ( Jonathan Stempel | ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Sept 2 (Reuters) - A U.S. judge has thrown out the convictions of a former Fox executive and an Argentine sports marketing company for attempting to bribe soccer officials in exchange for lucrative broadcasting contracts. In a Friday night decision, U.S. District Judge Pamela Chen in Brooklyn said the March 9 convictions of Hernan Lopez and Full Play Group could not stand because the federal law governing honest services wire fraud did not cover foreign commercial bribery. The judge also voided Lopez's and Full Play's money laundering convictions, because they were predicated on the fraud convictions. David Sarratt, a lawyer for Lopez, said: "We are obviously pleased with Judge Chen's thorough and correct decision. At least 31 people and corporate entities pleaded guilty, and two soccer officials were convicted in a 2017 jury trial.

Persons: Hernan Lopez, Brendan McDermid, Pamela Chen, Joseph Percoco, Andrew Cuomo, Chen, Lopez's, Attorney Breon, David Sarratt, Lopez, Chen's, Carlos Ortiz, Ortiz, Prosecutors, Carlos Martinez, Alejandro Burzaco, Torneos, Jonathan Stempel, Rosalba O'Brien Organizations: Century Fox, Court, REUTERS, Fox, U.S, New, Attorney, Saturday, U.S . Department of Justice, FIFA, Fox International, South, CONMEBOL, Copa Libertadores, North, CONCACAF, Argentine, Thomson Locations: Brooklyn New York City, U.S, Argentine, Brooklyn, U.S ., South American, North American, New York

The logo of Swiss bank UBS is seen at the company's office at the Bahnhofstrasse in Zurich in this July 1, 2009 file photo. REUTERS/Arnd Wiegmann/File PhotoWASHINGTON/NEW YORK, Aug 14 (Reuters) - UBS (UBSG.S) agreed to pay $1.435 billion to settle U.S. charges that the Swiss lender misled investors into buying troubled mortgage securities, concluding an industrywide probe into a root cause of the 2008 global financial crisis. The largest settlement, $16.65 billion, was reached in 2014 with Bank of America (BAC.N), which had bought mortgage specialist Countrywide Financial six years earlier. Credit Suisse, which UBS bought in June, reached a similar $5.28 billion settlement in 2017. In a press release, UBS said it previously set aside reserves to cover the $1.43 billion payout.

Persons: Arnd, RMBS, Attorney Breon, Kanishka Singh, Jonathan Stempel, Mark Porter, Jonathan Oatis Organizations: Swiss, UBS, WASHINGTON, U.S . Department of Justice, Bank of America, Countrywide Financial, Credit Suisse, U.S, Attorney, Thomson Locations: Zurich, Brooklyn, Washington, New York

☆ Ex New York police sergeant convicted of acting as Chinese agent in 'Fox Hunt' trial
▼ + stars: | 2023-06-20 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

The case was the first of several involving alleged Fox Hunt schemes to reach trial in the United States. Jurors also convicted McMahon on a stalking charge, but found him not guilty of conspiring to act as a foreign agent. THREATENING NOTE ON TARGET'S DOORCo-defendant Zhu Yong, who hired McMahon in 2016 for the job, was convicted on all charges. A third defendant, Zheng Congying was convicted of stalking but found not guilty of acting as a Chinese agent. Reporting by Luc Cohen in New York; Editing by Matthew Lewis and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael McMahon, Xu Jin, Fox Hunt, Attorney Breon, McMahon, Lawrence Lustberg, Prosecutors, Meredith Arfa, Zhu Yong, Kevin Tung, Zheng Congying, Zheng, Renee Wong, Xu, Luc Cohen, Matthew Lewis, Bill Berkrot Organizations: YORK, New York City, U.S, Attorney, FBI, Chinese Communist Party, Thomson Locations: New York, U.S, Brooklyn, surveil New Jersey, China, United States, Washington, Paramus , New Jersey, Wuhan

Rep. Santos is in federal custody after turning himself in on Wednesday as he faces numerous charges. Santos is being charged on 13 total counts, including wire fraud, money laundering, and theft of public funds. He is being charged with 13 counts, including wire fraud, money laundering, and theft of public funds. Federal prosecutors accused Santos — the embattled GOP lawmaker who's admitted to lying about his resume — of stealing supporters' money, illegally taking unemployment payouts, and lying to Congress. The congressman was taken into custody in Melville on Long Island, before being transported to a federal courthouse in Central Islip, per CNN.

Rep. George Santos, R-N.Y., was charged by federal prosecutors with an array of crimes, including fraud, theft, money laundering and making false statements. Santos faces a maximum penalty of 20 years in prison for the top charges against him, according to the Justice Department. In forms he filled out for his 2020 campaign, Santos failed to report more than $25,000 in income from the investment firm where he worked, the indictment alleged. In his 2022 campaign, Santos allegedly falsely reported earning $750,000 in salary and between $1 million and $5 million in dividends from his company, the Devolder Organization. A growing number of Santos' fellow Republicans urged him to step down, even before the federal charges against him first came to light.

WASHINGTON, April 1 (Reuters) - A social media influencer who once had 58,000 Twitter followers was convicted by a federal jury of election interference in the 2016 U.S. presidential race over a voter suppression scheme, the Justice Department said late on Friday. Douglass Mackey, also known as “Ricky Vaughn,” was convicted of the charge of conspiracy against rights stemming from his scheme to deprive individuals of their constitutional right to vote, the Justice Department said in a statement. In 2016, Mackey, 33, established an audience on Twitter with 58,000 followers. According to the Southern Poverty Law Center, a civil rights organization, Vaughn has in the past openly supported hate groups. Reporting by Kanishka Singh in Washington, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.

[1/8] Carlos Watson, CEO of Ozy Media, departs U.S. Federal Court in Brooklyn after being arrested and charged with fraud in New York City, New York, U.S., February 23, 2023. REUTERS/David Dee DelgadoFeb 23 (Reuters) - Ozy Media and its CEO Carlos Watson have been criminally charged for scheming to defraud investors of tens of millions dollars by misrepresenting the company’s debts, financial performance and audience size, Brooklyn federal prosecutors said Thursday. Watson and Ozy Media are charged with securities fraud and wire fraud. Rao, who was initially charged under a pseudonym, pleaded guilty on Tuesday to securities fraud conspiracy, wire fraud conspiracy and identity theft. The U.S. Securities and Exchange Commission separately filed a civil case against Ozy, Watson and Rao on Thursday.

☆ Judge blocks sale of machine gun converters after U.S. sues
▼ + stars: | 2023-01-26 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

U.S. District Judge Nina Morrison in Brooklyn on Wednesday issued a temporary restraining order against Rare Breed Triggers LLC and Rare Breed Firearms LLC, and their owners Lawrence DeMonico and Kevin Maxwell. The department said this meant the devices qualified as machine guns under federal law, and said the devices did not qualify for limited exceptions permitting their sale. Rare Breed operates in Fargo, North Dakota, and, according to court papers, Maxwell is also its general counsel. AR-15 style rifles have been used in many recent mass shootings. Attorney General Merrick Garland said the Justice Department will do "everything in its power to protect the American people from gun violence and to hold accountable those that flood our communities with illegal guns."

Fawaz Ould Ahmed was taken into custody by the United States and brought to New York on Friday, the Justice Department said in a statement. Ahmed received a death penalty in Mali after pleading guilty to planning and executing the deadly attacks targeting Westerners. The Justice Department said a total of 38 people had died in the three incidents. "The defendant's alleged actions — inhumanely plotting and carrying out ruthless terrorist attacks — were not forgotten and will not be forgiven," said FBI assistant director-in-charge Michael Driscoll. Ahmed told the Malian court that he did not regret the attacks and that he had been seeking revenge for cartoons of the Prophet Mohammad printed in Charlie Hebdo.

☆ Former boxer charged with trafficking $1 billion worth of cocaine through U.S. ports
▼ + stars: | 2022-11-02 | by ( Logan Reardon | ) www.cnbc.com time to read: +1 min

Former heavyweight boxer Goran Gogic was charged by the U.S. Department of Justice on Monday with trafficking 22 tons of cocaine worth over $1 billion. Gogic was charged with three counts of violating the federal Maritime Drug Law Enforcement Act, plus one count of conspiracy. According to prosecutors, the cocaine was transported to Europe from Colombia using American ports. U.S. Attorney Breon Peace in Brooklyn called Gogic's arrest and indictment "a resounding victory for law enforcement." Gogic was a heavyweight boxer from 2001 to 2012, compiling a 21-4-2 record in 27 career matches.

☆ Former heavyweight boxer charged with trafficking 22 tons of cocaine worth $1B through U.S. ports
▼ + stars: | 2022-11-01 | by ( ) www.nbcnews.com time to read: +2 min

A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of one of the largest cocaine seizures in American history. The complex operation required knowledge of each ship’s crew, route and location data, and that there was room to store drugs in shipping containers that were already aboard, prosecutors said. According to court papers, Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers and European dockworkers to benefit himself and his Balkan-based cartels. He maintains his innocence, and had come to the U.S. for a boxing convention in Puerto Rico.”At least eight Gayane crew members have pleaded guilty to conspiracy charges. According to online records, Gogic was a boxer from 2001 to 2012, winning 21 bouts and losing four with two draws.

☆ U.S. charges former Montenegro boxer over 22-ton, $1 billion cocaine seizure
▼ + stars: | 2022-10-31 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

NEW YORK, Oct 31 (Reuters) - A former heavyweight boxer from Montenegro was charged by the U.S. Department of Justice on Monday with trafficking in 22 tons of cocaine worth over $1 billion, most of which was part of one of the largest cocaine seizures in American history. The complex operation required knowledge of each ship's crew, route and location data, and that there was room to store drugs in shipping containers that were already aboard, prosecutors said. According to court papers, Gogic oversaw the logistics, coordinating with crew members, Colombian traffickers and European dockworkers to benefit himself and his Balkan-based cartels. At least eight Gayane crew members have pleaded guilty to conspiracy charges. According to online records, Gogic was a boxer from 2001 to 2012, winning 21 bouts and losing four with two draws.

☆ Son found guilty in murder-for-hire plot to kill alleged mobster father
▼ + stars: | 2022-10-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

Anthony Zottola also tried unsuccessfully to have his brother, Salvatore Zottola, killed, according to prosecutors. Sylvester Zottola was threatened by a masked gunman in late 2017 and later survived being stabbed and having his throat slashed. Salvatore Zottola was shot in the head, chest and hand in front of his residence but survived, according to prosecutors. Five other defendants have pleaded guilty, including Bushawn Shelton, who prosecutors alleged was hired by Anthony Zottola and then engaged Ross to carry out the hit. “It was his own son, who was so determined to control the family’s lucrative real estate business that he hired a gang of hit men to murder his father.”

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