N.Y. U.S. Attorney: Jewelry Wholesaler Indicted for $200 Million Ponzi Scheme
July 16, 2020
July 16, 2020
BROOKLYN, New York, July 16 -- The Acting U.S. Attorney for the Eastern District of New York, Seth D. DuCharme, issued the following news release on July 14:
An indictment was unsealed today in federal court in Brooklyn charging Gregory Altieri, the president of LNA Associates, with one count of wire fraud for allegedly running a two-year, $200 million Ponzi scheme based on nonexistent wholesale jewelry deals and false promises of inflated returns. Altieri was arrested today and wil . . .
An indictment was unsealed today in federal court in Brooklyn charging Gregory Altieri, the president of LNA Associates, with one count of wire fraud for allegedly running a two-year, $200 million Ponzi scheme based on nonexistent wholesale jewelry deals and false promises of inflated returns. Altieri was arrested today and wil . . .