Ponzi Scheme

LIC woman sentenced for Ponzi scheme
News Alexa Altman 8/29/2012 at 12:37PM

A Long Island City woman was sentenced to three to nine years in prison for her involvement in a Ponzi scheme that raked in approximately $1.3 million. Ibis Febles, 66, admitted to swindling 30 people out of their savings between September of 2003 and October of 2008, conning her victims by assuring them the money [...]

Patience running thin in Queens
Patience running thin in Queens
Sports Michael Pantelidis 4/05/2012 at 10:47AM

Hope may spring eternal, but patience is running thin in Queens. The New York Mets enter the 2012 season as significant underdogs in one of Major League Baseball’s best divisions. As good as the National League East became this offseason – with Jose Reyes and Mark Buehrle joining the Miami Marlins, the emerging Washington Nationals [...]

Mets owners settle with Madoff trustee for $162 million
News Jay Lane 3/19/2012 at 9:45AM

The Mets owners and a trustee for Bernard Madoff’s fraud victims have settled for $162 million. The Mets owners will not pay anything for three years. Jury selection had been set to begin in a civil trial to determine how much the team owners will owe other investors who trusted their money to Madoff. Read more: New York [...]