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Category: Regulatory

Investors lost more than $1 million in former Newtown man’s alleged M&A fraud

The U.S. Attorney for the District of Connecticut announced Wednesday former Sandy Hook resident Garrett L. Denniston, 62, now of Boothbay Harbor, Maine, was arrested and charged Wednesday with wire

SEC brings charges after Danbury advisor admits to criminal fraud

Danbury-based investment manager Stephen B. Blankenship has pleaded guilty to mail and securities fraud charges on Wednesday for a scheme that took 8 investors for $500,000, according to the

NU cuts jobs might have violated state agreement

Northeast Utilities appears to have violated a settlement it made with the state that allowed it to merge in the wake of its botched storm responses of a year ago. NU and NSTAR of Massachusetts merged

Bankruptcy no refuge for Westport man heading to jail for bank fraud

The U.S. Attorney for the District of Connecticut said Daniel J. Lyons Jr., 55, of Westport was sentenced to 45 months in prison for defrauding Citizens Bank of nearly $7 million between 2007 and

Trumbull man gets 3.5 years for a different kind of heist

The U.S. Attorney for the District of Connecticut announced Tuesday that Trumbull resident Joseph Sarlo, 56, was sentenced to 42 months in prison for bank fraud. Sarlo, the CEO of Branford-based New

Publishers to pay $69 million for e-book Apple scandal

Attorney General George Jepsen announced Wednesday three of the five publishers the state is suing for alleged price fixing of e-books with Apple Inc., have settled and agreed to pay $69 million to

Greenwich nail salon clipped by feds

The owner of a Greenwich nail salon has pleaded guilty to structuring payments and violating immigration laws. Jae Hee Yang, 57 of Englewood, N.J., pleaded guilty this week in Federal Court in

Chase Bank email scam worries Labor Department

The state Department of Labor issued a warning people collecting unemployment insurance that someone posing as Chase Bank is sending out emails seeking access to accounts. Nancy Steffens, a Labor

Tax filing fudging gets Wilton lawyer two months in fed pen

The U.S. Attorney for the District of Connecticut said this week that Wilton Attorney Joseph Colbert, 44 will spend two months in prison for filing false tax returns and obstructing an Internal
Categories: General, Regulatory, Taxes
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Answering the phone a key to uncovering alleged fraud

An Old Lyme investment adviser is facing a cease and desist proceed after an investigation by the U.S. Securities and Exchange commission found evidence he was cherry picking trades. Noah L. Myers