Tag: New York
Rikers Guard Faked Injuries, Pocketed $370K
⏱ 3 min read Todd Faustin, a 43-year-old correction officer at Rikers Island, pled guilty today to a cold-hearted scheme where he fabricated injuries after clashes with inmates to rake in over $370,000 in bogus workers’ compensation benefits. Faustin, who resigned from the Department of Correction effective today, March 17, 2026, gamed the system for…
PPE Order Lies Land CEO, Consultant in Court
⏱ 3 min read Christopher Ferguson, the former CEO of publicly traded Edison Nation, and Brian McFadden, a consultant for the company, are facing the consequences after admitting they cooked the books. The pair pled guilty to falsifying records to mislead the Financial Industry Regulatory Authority (FINRA) about supposed orders for personal protective equipment (PPE)…
Texas Courier Admits to Cross-Country Coke Run
⏱ 3 min read Shannell Gosine, 28, of Houston, Texas, copped a plea in Buffalo federal court today, admitting her role as a key courier in a cross-country cocaine operation. Federal prosecutors say Gosine hauled kilos of the drug from Mexico, through Texas, and distributed it across the eastern US – including regular trips to…
River Run: Smuggler Faces Years in Prison
⏱ 3 min read Buffalo, NY – A desperate river crossing turned into a federal case. Andres Carrillo-Hernandez, 27, a citizen of Mexico, is facing serious time after Border Patrol busted him piloting a makeshift raft across the upper Niagara River on March 15, 2026. He allegedly smuggled two adults and a small child from…
PPE Lie: Edison Execs Plead Guilty to $10M Scam
The pandemic was a breeding ground for desperation – and for grifters. Christopher Ferguson, the CEO and chairman of Edison Nation, and Brian McFadden, a consultant for the consumer product firm, learned that lesson well. Both men have now admitted to fabricating a $10 million order for personal protective equipment (PPE) at the height of…
Social Media ‘Guru’ Admits to Running a Scam
New York City – Kenneth Thom, the man known online as “K$” and “K Money,” confessed in federal court today to defrauding his social media followers out of their hard-earned cash. The self-proclaimed trading expert pled guilty to investment adviser fraud, a charge carrying a potentially lengthy prison sentence. Thom, already a disgraced figure in…
“K Money” Crumbles: Wall St. Pretender Admits $2M Scam
A self-proclaimed Wall Street guru, Kenneth Thom – known to his online followers as “K$” and “K Money” – finally confessed in Manhattan Federal Court today to running a brazen $2 million investment scam. Thom, a previously suspended broker, systematically fleeced investors with promises of easy riches, all while allegedly funneling the cash into his…
Albany Firm Sark Wire Pays $1.9M in PPP Loan Fraud
Albany manufacturer Sark Wire Corporation is facing a hefty $1.9 million penalty after admitting to a calculated scheme to defraud the Paycheck Protection Program (PPP), a cornerstone of the federal government’s pandemic relief efforts. The company, a subsidiary of a Turkish conglomerate, deliberately concealed its international ties to illegally secure a second-draw loan intended for…
Pandemic Profiteering: Edison Execs Admit PPE Order Was a Lie
Wall Street greed reached a new low during the pandemic, and two men are now facing the music. Christopher Ferguson, the former CEO of Edison Nation, and Brian McFadden, a consultant, confessed in federal court today to cooking the books and misleading investors with a fabricated $10 million PPE order. The scheme, revealed by federal…
PPE Lies: Edison Nation Execs Plead Guilty to Pandemic Fraud
The early days of the COVID-19 pandemic weren’t just a public health crisis; they were a feeding frenzy for scammers. Now, the top executives at Edison Nation, a once-promising consumer products company, are facing the music for inflating their pandemic profits. Christopher Ferguson, 58, the CEO and chairman, and Brian McFadden, a consultant, both confessed…
