Related Federal Cases
Premier Links, Inc. Execs Face $9M Microcap Stock Scam Charges
New York residents Margaret Amatulli, Frederick Anderson, Darnell Jackson, and Nicholas Spinelli were arrested today on charges that they engaged in a wire and mail fraud conspiracy to steal over nine million dollars from over 300 investors.
A fifth charged defendant, Christopher Damon, is being sought for arrest by the Federal Bureau of Investigation.
The five defendants worked at Premier Links, Inc., a Staten Island-based company that operated as an unregistered broker-dealer between 2006 and 2012.
As alleged in the criminal complaint unsealed today in federal court in Brooklyn, the defendants targeted elderly investors to steal their money through a fraudulent microcap stock scheme and then used the investors’ money for personal expenses.
To date, investigators have identified at least $9.3 million in investor losses from the scheme.
If convicted, each defendant faces up to 20 years’ imprisonment, as well as a fine equal to double the investors’ losses, and mandatory restitution to the victims.
Key Facts
- State: New York
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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