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Indiana Real Estate Developer and Property Manager Admits Ponzi Scheme to Defraud Investors of Millions of Dollars | USAO-NJ
NEWARK, N.J. – A assets developer and supervisor from Indiana today admitted his part in a scheme to defraud authentic estate traders, U.S. Legal professional Philip R. Sellinger declared. Herbert Whalen, aka “Bert Whalen,” 47, of Indianapolis, Indiana, pleaded guilty by videoconference in advance of U.S. District Choose Madeline Cox Arleo to the first depend in an indictment, charging him with conspiracy to dedicate wire fraud “The defendant preyed on harmless victims’ need to enhance their individual financial position as a result of what they thought were seem investments,” U.S. Attorney Sellinger stated. “Working with our partners at the FBI, we had been equipped to find his illegal activity and…
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San Diego Real Estate Agent Sentenced for Multi-Million-Dollar Ponzi Schemes | USAO-SDCA
Assistant U. S. Lawyers Oleksandra Johnson (619) 546-9769 and Valerie H. Chu (619) 546-6750 Information Launch SUMMARY – January 3, 2022 SAN DIEGO – Alexander Avergoon, a longtime San Diego true estate agent and businessman, was sentenced in federal court docket right now to 64 months in prison for defrauding buyers in several Ponzi serious estate investment decision strategies. As part of his guilty plea, Avergoon also admitted to collaborating in numerous tax evasion and fraud schemes with Rabbi Yisroel Goldstein, former director at Chabad of Poway. Avergoon was purchased to pay out $9,679,306.70 in restitution to numerous victims. The Court docket also purchased Avergoon to forfeit to the United…
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