USA v. CAMMARATA., ET AL

  1. September 19, 2024

    Feds Can't Order $31M To Refill Class Funds, 3rd Circ. Told

    A New Jersey man convicted for stealing $40 million from settlements in stockholder class actions told a Third Circuit panel Thursday the multimillion-dollar restitution ordered at his sentencing is unlawful and should be vacated, arguing that the settlements weren't harmed.

  2. May 13, 2024

    NJ Fraudster Gets More Prison Time, Owes $6M For Tax Evasion

    A New Jersey man who was convicted of dodging taxes on more than $16 million he stole from securities fraud victims was handed a six-year prison sentence — most of which will be served simultaneously with his fraud sentence — and ordered to pay over $6 million in restitution during a Garden State federal court hearing Monday in which he denied the crimes. 

  3. December 18, 2023

    Fraudster Gets 1½ Years For Role In $40M Settlement Scheme

    Erik Cohen, who pled guilty to netting $9.7 million as a co-conspirator in a securities fraud scheme to steal more than $40 million from investors, was sentenced to 18 months in prison by a Pennsylvania federal judge on Monday.

  4. June 09, 2023

    NJ Man Gets 10 Years, Owes $31M For Fake Securities Claims

    A New Jersey man convicted of participating in a scheme to steal more than $40 million from securities fraud victims was handed a 10-year prison sentence and hit with $31 million in criminal monetary penalties.

  5. May 31, 2023

    NJ Man Denied New Trial For Fraudulent Settlement Claims

    A New Jersey man convicted for a $40 million scheme to submit false claims for shares of settlements in stockholder class actions can't get a new trial because prosecutors presented their case adequately and competently, a Pennsylvania federal judge has ruled.

  6. October 28, 2022

    NJ Man Convicted In Pa. Of $40M Securities Claims Fraud

    A New Jersey man has been convicted at trial in Pennsylvania federal court on charges of taking part in a scheme to steal more than $40 million from funds set up for securities fraud victims by submitting false claims on behalf of bogus clients.