Cases by state
Ponzi schemes in New York
105 cases announced 2008–2026, involving about $56.7B in reported investor money. Most common types: investment funds & advisory, real estate and trading, forex & commodities. Listed by where the main defendant was based.
The largest by reported amount: Bernard L. Madoff Investment Securities LLC ($50B, 2008). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “guaranteed”
- “a fixed interest payment of 5% per month”
- “hedge fund”
- “churches invest. fire companies invest. doctors invest”
- “eight percent yearly returns”
- “primarily used to purchase property, refurbish rental houses”
- “20 percent interest”
- “as high as 60% in three months”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| May 5, 2026 | Woodhill Capital Corporation Richard Teplitsky |
Williamsville, NY | Lending & cash advance | $10M |
| Oct 22, 2025 | Taraxa Capital Fund LP, Lightstone Trading Inc. Solomon Lichtenstein |
Stony Point, NY | Trading, forex & commodities | $2.7M |
| Sep 9, 2025 | Henry Paul Regan Jr | Columbia, NY | Trading, forex & commodities | $63M |
| Jun 9, 2025 | Miles Burton Marshall (aka Burt Marshall) | Hamilton, NY | Real estate | $95M |
| Mar 24, 2025 | Likhtenstein Financial Planning Inc. Marat Likhtenstein |
Brooklyn, NY | Investment funds & advisory | $1.2M |
| Oct 17, 2024 | Schiff Fine Art (SFA Advisory) Lisa Schiff |
New York, NY | Investment funds & advisory | $6.5M |
| May 16, 2024 | Vandelay Contracting Corp., Build Strong Homes LLC Thomas John Sfraga (aka TJ Stone) |
Brooklyn, NY | Crypto & digital assets | $1.3M |
| May 1, 2024 | Maxben Group Idin Dalpour |
New York, NY | Crypto & digital assets | $43M |
| Sep 18, 2023 | Wisnicki & Associates LLP, Wisnicki Neuhauser LLP Robert Wisnicki |
Forest Hills, NY | Real estate | $18.8M |
| Jun 22, 2023 | Ichioka Ventures William K. Ichioka |
New York, NY | Investment funds & advisory | $25M |
| Apr 11, 2023 | Rashawn Russell | Brooklyn, NY | Crypto & digital assets | $1.5M |
| Mar 27, 2023 | Janues Capital Incorporated Surage Kamal Roshan Perera |
NY | Trading, forex & commodities | $3.5M |
| Mar 3, 2023 | IHT Wealth Management LLC Adam S. Kaplan, Daniel E. Kaplan |
NY | Investment funds & advisory | $5M |
| Feb 15, 2023 | Jeffrey Soberman Parket | Great Neck, NY | Real estate | $65M |
| Dec 14, 2022 | IcomTech David Carmona, Marco Ruiz Ochoa, Moses Valdez, Juan Arellano, David Brend, Gustavo Rodriguez |
Queens, NY | Crypto & digital assets | $1M |
| Sep 20, 2022 | Joshua Burrell | New York, NY | Real estate | $5.8M |
| Sep 15, 2022 | Creative Advancement LLC, Edelman Blockchain Advisors LLC Gabriel Edelman |
New York, NY | Investment funds & advisory | $4.3M |
| May 16, 2022 | StraightPath Venture Partners LLC, StraightPath Management LLC Brian K. Martinsen, Michael A. Castillero, Francine A. Lanaia, Eric D. Lachow |
NY | Investment funds & advisory | $410M |
| May 12, 2022 | EminiFX Inc. Eddy Alexandre |
Valley Stream, NY | Crypto & digital assets | $248M |
| May 27, 2021 | NY Private Auction Inc. Regine Norman (aka Regine Ellis) |
Brooklyn, NY | Real estate | $1.3M |
| Feb 4, 2021 | GPB Capital, Ascendant Capital, Ascendant Alternative Strategies David Gentile, Jeffry Schneider, Jeffrey Lash |
Manhasset, NY | Investment funds & advisory | $1.7B |
| Jan 7, 2021 | Endeavor Management Solutions LLC, Endeavor Consultancy LLC Carl R. Carro, James W. Doyle |
Walton, NY | Investment funds & advisory | $1M |
| Dec 28, 2020 | Virgil Sigma Fund LP, Virgil Capital LLC, VQR Partners LLC Stefan Qin |
New York, NY | Crypto & digital assets | $90M |
| Sep 30, 2020 | Rand Heckler Inc. Rand Heckler |
Glen Head, NY | Trading, forex & commodities | $1M |
| Sep 24, 2020 | Concorde Group Holdings Inc. Craig A. Zabala |
New York, NY | Investment funds & advisory | $4.4M |
| Aug 24, 2020 | Belize Infrastructure Fund I LLC Minish "Joe" Hede, Kevin Graetz |
NY | Investment funds & advisory | $9.6M |
| Aug 18, 2020 | Jason Kurland, Christopher Chierchio, Frangesco Russo, Francis Smookler | Dix Hills, NY | Investment funds & advisory | $107M |
| Jul 14, 2020 | LNA Associates Gregory Altieri |
Melville, NY | Investment funds & advisory | $200M |
| Jun 26, 2020 | Brian Bartz | Rochester, NY | Insurance-linked | $950,000 |
| Nov 21, 2019 | Ruless Pierre | Nanuet, NY | Trading, forex & commodities | $2.5M |
| Jun 28, 2019 | Plandome Partners L.P. Paul A. Rinfret |
Manhasset, NY | Trading, forex & commodities | $19M |
| Jun 18, 2019 | Control-Finance Limited Benjamin Reynolds |
NY | Crypto & digital assets | $147M |
| May 23, 2019 | Morgan Mezzanine Fund Manager LLC, Morgan Acquisitions LLC Robert C. Morgan |
Pittsford, NY | Real estate | $80M |
| Apr 29, 2019 | James Siniscalchi, Joseph Meli | New York, NY | Investment funds & advisory | $2.7M |
| Dec 13, 2018 | Executive Compensation Planners Inc. Hector May, Vania Bell |
New City, NY | Investment funds & advisory | $7.9M |
| Sep 26, 2018 | Y Trading LLC Yehuda Belsky (aka Jay Bell) |
Brooklyn, NY | Trading, forex & commodities | $1.2M |
| Sep 18, 2018 | Conmac Funding Corp., Sisk Investment Services Matthew Eckstein, Kevin Brody |
Syosset, NY | Lending & cash advance | $10M |
| Aug 30, 2018 | Michael Paul Enterprises Michael D'Alessio |
White Plains, NY | Real estate | $58M |
| Aug 28, 2018 | Universal Voicetech James Bernard Moore |
NY | Investment funds & advisory | $5M |
| Jul 25, 2018 | Steven Pagartanis | East Setauket, NY | Real estate | $13M |
| Jan 24, 2018 | My Big Coin Pay Inc Randall Crater, Mark Gillespie |
East Hampton, NY | Investment funds & advisory | $6M |
| Oct 5, 2017 | Scronic Macro Fund Michael Scronic |
Pound Ridge, NY | Trading, forex & commodities | $19M |
| Jun 30, 2017 | James Robinson, David Kennedy, Renwick Haddow | New York, NY | Investment funds & advisory | $57M |
| May 31, 2017 | National Event Company Jason Nissen |
Roslyn, NY | Investment funds & advisory | $70M |
| Mar 30, 2017 | John Quadrino | Oceanside, NY | Investment funds & advisory | $13.1M |
| Jan 27, 2017 | Craig Carton, Joseph Meli, Matthew Harriton | New York, NY | Investment funds & advisory | $5.6M |
| Dec 20, 2016 | Pedro Jaramillo (aka Enrique Jaramillo) | Queens, NY | Trading, forex & commodities | $1.2M |
| Dec 19, 2016 | Mark Nordlicht, David Levy, Uri Landesman, Joseph SanFilippo, Joseph Mann, Daniel Small, Jeffrey Shulse | New Rochelle, NY | Trading, forex & commodities | $1B |
| Sep 19, 2016 | Jreck Subs Christopher Swartz |
Watertown, NY | Investment funds & advisory | $25M |
| Jun 2, 2016 | Haena Park | Manhattan, NY | Trading, forex & commodities | $23M |
| Apr 8, 2016 | West 125th Street Liquors Hamlet Peralta |
Bronx, NY | Energy & alternative assets | $12M |
| Mar 30, 2016 | Daniel Rivera, Matthew Rivera | NY | Real estate | $2.7M |
| Mar 28, 2016 | Irving Place III SPV LLC Andrew Caspersen |
New York, NY | Investment funds & advisory | $95M |
| Feb 6, 2016 | Allen R. Hess | Syracuse, NY | Energy & alternative assets | $600,000 |
| Dec 17, 2015 | MSMB Capital Management LP, MSMB Healthcare LP, Retrophin Inc Martin Shkreli |
New York, NY | Trading, forex & commodities | $8.5M |
| Nov 6, 2015 | James A. MacCallum | Bemus Point, NY | Real estate | $3.4M |
| Jul 13, 2015 | ASG Real Estate Services Group Inc Alisa Adler |
NY | Real estate | $500,000 |
| Jun 10, 2015 | Capital Financial Planning LLC Frederick E. Monroe Jr. |
Queensbury, NY | Investment funds & advisory | $1.3M |
| May 4, 2015 | Daniel Fodiman | NY | Investment funds & advisory | $1M |
| Apr 13, 2015 | Allese Capital Marcello Trebitsch |
Brooklyn, NY | Trading, forex & commodities | $7M |
| Feb 27, 2015 | Archipel Capital LLC, BIM Management LP Gregory W. Gray Jr. |
Buffalo, NY | Investment funds & advisory | $10.3M |
| Jan 15, 2015 | Alliance Warburg Capital Management Steven Canady |
NY | Investment funds & advisory | $2M |
| Dec 12, 2014 | Charles A. Bennett | Manhattan, NY | Investment funds & advisory | $5M |
| Jun 9, 2014 | James M. Peister | St. James, NY | Trading, forex & commodities | $17M |
| May 20, 2014 | NHI Metals Ltd. Jeanette Berney, Elliot Berney |
Monsey, NY | Investment funds & advisory | $10M |
| Jan 21, 2014 | Huxley Capital Management Bryan Caisse |
New York, NY | Trading, forex & commodities | $1.2M |
| Dec 10, 2013 | Robert Rocco | Dix Hills, NY | Lending & cash advance | $5M |
| Oct 18, 2013 | Alice Belmonte | Wading River, NY | Real estate | $4M |
| Aug 1, 2013 | Panoramic View Resort & Residences Brian R. Callahan, Adam J. Manson |
Old Westbury, NY | Real estate | $96M |
| Apr 8, 2013 | 4X Solutions Inc. Whileon Chay |
New York, NY | Trading, forex & commodities | $4.8M |
| Mar 28, 2013 | Gershon Barkany | Far Rockaway, NY | Real estate | $50M |
| Mar 6, 2013 | S&G Unlimited Services Eduardo Galan |
Brockport, NY | Real estate | $1M |
| Oct 11, 2012 | McGinn Smith & Co. Inc. Timothy M. McGinn, David L. Smith |
Albany, NY | Investment funds & advisory | $2.4M |
| Sep 14, 2012 | Alan Ritter | Monsey, NY | Real estate | $6M |
| Jun 14, 2012 | Gibraltar Partners Anthony John Johnson |
Katonah, NY | Investment funds & advisory | $12M |
| May 25, 2012 | Absolute Jason J. Konior |
New York, NY | Trading, forex & commodities | $1.5M |
| May 14, 2012 | Van Zandt Agency Robert H. Van Zandt |
Bronx, NY | Real estate | $4.6M |
| Mar 14, 2012 | Robert J. Cassandro | NY | Real estate | $4.6M |
| Feb 1, 2012 | Janitorial Close-Out City Corp. Laurie Schneider |
Oceanside, NY | Investment funds & advisory | $4M |
| Oct 6, 2011 | PermaPave Companies, Interlink-US-Network Ltd Eric Aronson, Vincent Buonauro Jr., Robert Kondratick, Fredric Aaron |
Syosset, NY | Investment funds & advisory | $26M |
| May 10, 2011 | Steven Bingaman | Bedford, NY | Investment funds & advisory | $1.2M |
| Apr 21, 2011 | Joseph Mazella | Staten Island, NY | Real estate | $12M |
| Apr 5, 2011 | Buyersnet Real Estate Corporation Ibis Febles, Giancarlo Giuseppe |
Long Island City, NY | Real estate | $1.4M |
| Feb 15, 2011 | Liquid Capital Management LLC Brian Kim |
New York, NY | Trading, forex & commodities | $2.1M |
| Jul 20, 2010 | ASM Financial Funding Corporation Andrew S. Mackey, Inger L. Jensen |
Cedarhurst, NY | Investment funds & advisory | $12.3M |
| Jun 11, 2010 | Chimay Capital Management Inc Guy Albert de Chimay |
New York, NY | Lending & cash advance | $7M |
| May 27, 2010 | Starr & Co LLC, Starr Investment Advisors LLC, Wind River LLC Kenneth Ira Starr, Andrew Stein |
New York, NY | Investment funds & advisory | $30M |
| May 25, 2010 | Christopher W. Bass | Albany, NY | Investment funds & advisory | $5.9M |
| May 5, 2010 | Security Income Planners Jay M. Hoffman |
East Meadow, NY | Investment funds & advisory | $2M |
| May 4, 2010 | Prime Rate and Return LLC (dba American Integrity Financial Co.) Matthew John Ryan |
Troy, NY | Investment funds & advisory | $6.5M |
| Feb 1, 2010 | Razel Canedo (aka Razel Torres, Razel Agravante) | NY | Investment funds & advisory | $1M |
| Dec 17, 2009 | Zaveri Oil & Gas Ltd Ashvin J. Zaveri |
Honeoye Falls, NY | Energy & alternative assets | $35M |
| Dec 17, 2009 | Robert M. Donald | NY | Investment funds & advisory | $7M |
| Dec 8, 2009 | Rockford Funding Group LLC Genadi Yagodayev |
New York, NY | Legal & litigation funding | $11M |
| Sep 8, 2009 | The Leverage Group Philip G. Barry |
Brooklyn, NY | Trading, forex & commodities | $40M |
| Aug 25, 2009 | Nemazee Capital Corporation Hassan Nemazee |
New York, NY | Lending & cash advance | $290M |
| Apr 1, 2009 | Edward T. Stein | Long Island, NY | Trading, forex & commodities | $45M |
| Feb 25, 2009 | Paul Greenwood, Stephen Walsh | North Salem, NY | Trading, forex & commodities | $667M |
| Jan 27, 2009 | Agape World Inc, Agape Merchant Advance LLC Nicholas Cosmo |
Lake Grove, NY | Lending & cash advance | $195M |
| Jan 8, 2009 | Gen-See Capital Corp (aka Gen Unlimited) Richard S. Piccoli |
Buffalo, NY | Real estate | $17M |
| Dec 11, 2008 | Bernard L. Madoff Investment Securities LLC Bernard L. Madoff |
New York, NY | Investment funds & advisory | $50B |
| Dec 8, 2008 | Dreier LLP Marc S. Dreier |
New York, NY | Real estate | $113M |
| Oct 6, 2008 | Next Components Norman Hsu |
NY | Lending & cash advance | $60M |
| May 15, 2008 | Guy W. Gane Jr., Lorenzo Altadonna | Amherst, NY | Real estate | $5.7M |
| Jan 15, 2008 | Razor FX Inc Michael Richard Maccaull |
Great Neck, NY | Trading, forex & commodities | $68M |