Real estate investment chief sentenced in securities fraud case
Carlton P. Cabot, a Stamford resident who was formerly CEO of Boston-based Cabot Investment Properties LLC (CIP), was sentenced to 10 years in prison for his role in defrauding elderly investors...
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When smaller banks face cybersecurity challenges
Last month, three regulatory agencies — the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency — unveiled the draft of an endeavor that would...
View ArticleConnecticut snags $135K in Adobe data breach settlement
Attorney General George Jepsen has announced that Connecticut and 14 other states reached a $1 million settlement with Adobe Systems Inc. regarding a 2013 data breach that jeopardized personal...
View ArticleEconomic prosperity credited in CT safe state ranking
Connecticut has been named one the 10 safest states in the nation, according to a new data analysis by 24/7 Wall St., and economic factors are being credited for this rating. Among the states,...
View ArticleSandy Hook families file court appeal in case against gun makers
The families of nine victims of the December 2012 Sandy Hook massacre – whose lawsuit against Remington Arms was dismissed by Connecticut Superior Court Judge Barbara Bellis on Oct. 14 – have filed an...
View ArticleRival surveys offer different views of CT life
Is Connecticut a good place to call home? It depends which information source you consult. Over at 24/7 Wall St., Connecticut places second in a new survey of the states offering the best quality of...
View ArticleFeds charge Valhalla firm with bank fraud over mortgages
A Valhalla company that offered homeowners a way to reduce and even eliminate mortgage debt was actually filing phony documents, federal officials have charged. The U.S. Attorney’s office says the...
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UConn to defy Trump policies on illegal immigrants
The president of the University of Connecticut has announced that the school will defy any new Trump Administration policies that would call for the investigation and arrest of illegal immigrants in...
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Nonprofit employee accused of taking kickbacks for temp workers
An employee of a Westchester nonprofit has been charged with steering jobs to a temporary staffing company in exchange for $274,000 in kickbacks. An indictment against Nimesh Patel, 45, of Woodcliff...
View ArticleMoney transfer service faces revocation of license by Connecticut Department...
Money transfer service Century Union Services LLC may have its license revoked in Connecticut, according to state Department of Banking Commissioner Jorge L. Pérez. The commissioner, who issued a...
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Housing groups get grants to fight foreclosure scams
Two Hudson Valley fair housing groups have received grants to combat foreclosure scams. Attorney General Eric Schneiderman awarded $50,000 to Westchester Residential Opportunities Inc. in White Plains...
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Connecticut attorney general leads 20-state lawsuit against drug companies
George Jepsen Connecticut Attorney General George Jepsen has taken the lead in federal lawsuit filed by 20 states against six generic drug-makers, charging them in a price-fixing scheme involving the...
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Lumber executive sentenced to 50 months in Ulster County kickback scheme
A former lumber company executive was sentenced to 50 months in prison on Dec. 15 in U.S. District Court, White Plains, for his involvement in a kickback scheme at a housing project in Ulster County. A...
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Mary-Jane Foster to run domestic violence agency
Mary-Jane Foster, the co-founder and former owner of the Bridgeport Bluefish baseball team and a two-time candidate for mayor of Bridgeport, has been named president and CEO of Interval House, a...
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Chappaqua corporate tax attorney accused of personal tax fraud
A Chappaqua attorney who works as a CPA and tax partner for a prestigious Manhattan accounting firm was arrested on Dec. 9 and accused of not paying $86,457 in state taxes. William J. O’Hagan, 56,...
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Three Hudson Valley developers accused of conspiring to take control of...
Bloomingburg is a bucolic gateway to the Catskills in Sullivan County, but beneath the surface, according to the U.S. Attorney’s office, a cynical scheme was hatched by developers to take over the...
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Bridgeport’s Center for Family Justice to debut state’s first legal incubator
Connecticut’s first legal incubator is due to open in early 2017 at the Center for Family Justice, a Bridgeport-based nonprofit that provides services to trauma survivors affected by domestic violence,...
View ArticleCT liquor commission issues penalties against three businesses
Three businesses in Fairfield County – two retail stores and one restaurant – recently received fines and temporary license suspensions from the Connecticut Liquor Control Commission. According to...
View ArticleMonsey man loses $1.3 million in investment scheme
The investment started with a $62,500 loan, grew as the stories became more elaborate and culminated in a Rockland County investor losing more than $1.3 million, according to federal officials. Robert...
View ArticleTrumbull attorney faces five years in prison for insurance fraud
Trumbull attorney David Quatrella pleaded guilty to a conspiracy charge involving insurance fraud before U.S. District Judge Alvin W. Thompson in Hartford. According to Deirdre M. Daly, U.S. Attorney...
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