N.Y. Acting U.S. Attorney: Jewelry Wholesaler Pleads Guilty in $200 Million Ponzi Scheme
December 31, 2020
December 31, 2020
BROOKLYN, New York, Dec. 31 -- The Acting U.S. Attorney for the Eastern District of New York, Seth D. DuCharme, issued the following news release on Dec. 30:
Earlier today, at the federal courthouse in Brooklyn, Gregory Altieri pleaded guilty to wire fraud for running a two-year $200 million Ponzi scheme based on false statements to investors about inflated returns for nonexistent wholesale jewelry deals. As part of the plea, Altieri also admitted to committing securities fraud in c . . .
Earlier today, at the federal courthouse in Brooklyn, Gregory Altieri pleaded guilty to wire fraud for running a two-year $200 million Ponzi scheme based on false statements to investors about inflated returns for nonexistent wholesale jewelry deals. As part of the plea, Altieri also admitted to committing securities fraud in c . . .