Tag: New York
Mordichai Weiss, Wire Fraud Conspiracy, New Jersey 2022
⏱ 2 min read A 29-year-old New York man, Mordichai Weiss, has pleaded guilty to participating in a massive scheme to fraudulently obtain over $229.6 million in loans to acquire multifamily and commercial properties in New Jersey and elsewhere. The scheme, which took place between April 2022 and June 2023, involved deceiving lenders into issuing…
Felix DeJesus Jimenez, Toll Evasion, New York 2026
⏱ 2 min read In a shocking case of large-scale toll evasion, 11 defendants were charged in New York City for allegedly evading millions of dollars in tolls, parking, and traffic tickets. The defendants, who were arrested between May 19, 2026, and May 20, 2026, used fraudulently obtained temporary license plates to avoid paying fees,…
George Shimell, Child Porn Possession, New York 2026
⏱ 2 min read A 29-year-old Plattsburgh man, George Shimell, was arrested on May 11, 2026, for possessing child pornography. The arrest came after a tip from the National Center for Missing and Exploited Children. Shimell, formerly of Virginia Beach, Virginia, was detained on May 14, 2026, and is considered a danger to the community.…
Daniel Sikkema, Murder, New York 2026
⏱ 2 min read Daniel Sikkema, a man in the midst of a contentious divorce, hired a hitman to kill his husband in Rio de Janeiro, Brazil. Using a burner phone, Sikkema callously ordered the murder, but his efforts to evade detection were thwarted by the FBI. The killing occurred during the couple’s divorce proceedings,…
Deutsche Bank Securities Inc., Regulatory Failures, New York 2014
Washington, D.C. – Deutsche Bank Securities Inc. (DBSI) has been penalized $3 million by the U.S. Commodity Futures Trading Commission (CFTC) for multiple regulatory failures, the agency announced December 22, 2014. The charges stem from deficiencies in handling customer segregated funds, inaccurate financial reporting, and inadequate record-keeping, spanning from 2009 to 2013. According to the…
BGC Financial, Fraud, New York 2019
Washington, D.C. – On October 2, 2019, the U.S. Commodity Futures Trading Commission (CFTC) announced charges and settlements against BGC Financial, LP and GFI Securities, LLC, alleging fraudulent practices by brokers employed at both firms. The orders, filed on September 30, 2019, detail how brokers engaged in deceptive behavior on emerging markets foreign exchange options…
Michael Pucciarelli, EFP Manipulation, New York 2016
STATEN ISLAND, NY – Michael Pucciarelli, 43, of Staten Island, New York, has been charged with manipulative trading practices by the U.S. Commodity Futures Trading Commission (CFTC), the agency announced April 5, 2016. Pucciarelli, who also owns Badge Trading LLC, engaged in a scheme to manipulate prices on ICE Futures U.S., Inc. and ICE Clear…
J.P. Morgan Securities LLC, Supervision Failure, New York 2017
WASHINGTON, D.C. – J.P. Morgan Securities LLC (JPMS) has agreed to pay a $900,000 penalty to settle charges brought by the U.S. Commodity Futures Trading Commission (CFTC) for failing to adequately supervise the processing of exchange and clearing fees charged to customers. The settlement, finalized on January 11, 2017, stems from issues identified between 2010…
Citigroup Global Markets, Reporting Failure, New York 2017
WASHINGTON, D.C. – Citigroup Global Markets Limited (CGML) and its U.S. affiliate, Citibank, N.A. (CBNA), have been penalized by the Commodity Futures Trading Commission (CFTC) for failing to accurately report Legal Entity Identifier (LEI) information for swap transactions. The CFTC issued an order on September 25, 2017, outlining the violations and subsequent settlement. The CFTC…
HSBC Trader, Spoofing, New York 2018
Washington, DC – The Commodity Futures Trading Commission (CFTC) settled charges on January 29, 2018, against HSBC Securities (USA) Inc. (HSBC) for engaging in spoofing related to gold and other precious metals futures traded on the Commodity Exchange, Inc. (COMEX). The alleged misconduct was carried out by one of HSBC’s traders based in New York.…
