Keyword: 'Ponzi' | Herald Community Newspapers

Keyword: Ponzi

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Glen Head man arrested in $1 million Ponzi scheme

A former investment broker from Glen Head has been arrested for allegedly swindling friends and neighbors out of more than $1 million in a Ponzi scheme. Rand Heckler, 55, was arraigned Wednesday … more

By Mike Conn | 10/1/20

Matthew Eckstein, 48, was arrested for allegedly scamming at least 14 people, mostly seniors, out of a total of more than $5 million.

South Shore ponzi scheme unraveled

Seaford and Massapequa residents are among the victims of a $5 million Ponzi scheme allegedly perpetrated by a Syosset-based financial advisor. more

By Eden Laikin | 6/21/18

Mark Morewitz, one of Laurie Schneider’s vicitims, has written a book about her Ponzi scheme.

Schneider Ponzi scheme victim writes book

Mark Morewitz had thought he met his financial fairy godmother, Oceansider Laurie Schneider. She ran several businesses and everyone who invested with her was earning money. But Schneider was really running a $6.9 million Ponzi scheme — and Morewitz paid the price. more

By Rebecca Melnitsky | 5/6/15

Three-year sentence for Ponzi scheme

The Oceanside woman who pleaded guilty in February to running a Ponzi scheme that defrauded investors out of nearly $7 million was sentenced to three years in prison by a federal judge last Friday, … more

11/12/14

Laurie Schneider, who is accused of running a Ponzi scheme that allegedly defrauded investors of over $9 million.

Schneider pleads guilty to $6.9 million Ponzi scheme

At a federal court in Central Islip on Feb. 28, Oceanside businesswoman Laurie Schenider pleaded guilty to operating a Ponzi scheme that federal prosecutors said defrauded 30 investors of a total of … more

By John Maher | 3/4/14

Laurie Schneider’s business, Janatorial Close-Out City Corp., was allegedly a front for her Ponzi scheme, prosecutors said.

Oceansider indicted in Ponzi scheme

Oceanside businesswoman Laurie Schneider was indicted by a federal grand jury last week on charges of running a Ponzi scheme that allegedly defrauded investors of more than $4 million. According … more

Alex Costello | 2/8/12

D.A. says Korn acted alone

Nassau County District Attorney Kathleen Rice’s office has said that Rockville Centre resident and well-known Oceanside community member Jay Korn acted alone in his alleged Ponzi scheme before … more

Alex Costello | 3/16/11

East Meadow man jailed for Ponzi scheme

East Meadow resident Jay Hoffman was sentenced on Monday in Suffolk County for facilitating a Ponzi scheme. According to prosecutors, he stole millions of dollars from family, friends and other … more

1/6/11

Oceansider accused of running Ponzi scheme

Oceanside resident Laurie Schneider was arrested by FBI agents on Tuesday, April 13 on charges she was running a Ponzi scheme. According to a complaint filed by Special Agent Matt Galioto with the … more

Alex Costello and Annmarie Fertoli | 4/13/10

What is a Ponzi scheme?

Named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme in the 1920s, a Ponzi scheme is defined by the U.S. Securities and Exchange … more

Judy Rattner | 4/7/10

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