Investment Firm Owner Admits Defrauding Investors Over 30 Years

UP man arrested for defrauding Hyderabad investor of Rs 1.4 cr

Hyderabad: The city’s cybercrime officials have arrested Akash Varma, an electrician from Uttar Pradesh, for allegedly cheating a city-based investor out of Rs 1.4 crore by promising high returns on stock market investments. According to police, Varma is a repeat offender involved in 30 cases across India, including four in Telangana. The accused lured the complainant by sending a link and encouraging him to start investing small amounts, which …

Investment Firm Owner Admits Defrauding Investors Over 30 Years

TRENTON, NJ. –  A New Jersey man admitted to a decades-long scheme to defraud approximately 47 victim investors out of more than $6.9 million, U.S. Attorney Alina Habba announced. Vincent Dispoto Jr., 67, formerly of Belmar, New Jersey, pleaded guilty before U.S. District Judge Zahid N. Quraishi to an information charging him with one count […]

Advisor Admits Defrauding 47 Investors Out of $6.9M

A New Jersey man has admitted he defrauded 47 investors out of more than $6.9 million over three decades in a “Ponzi-like” investment scheme. Vincent Dispoto Jr., 67, formerly of Belmar, N.J., pleaded guilty to one count of wire fraud before U.S. District Judge Zahid N. Quraishi, according to a news release from the U.S. Attorney’s Office for the District of New Jersey. Starting in 1988, Dispoto, raised money through two firms he owned and opera…