Day: September 18, 2023

Written by FinCrime

New York Lawyer Pleads Guilty to Ponzi Scheme, Money Laundering

Reported by Holly Barker A New York lawyer admitted Monday to money laundering and orchestrating an $18.8 million Ponzi scheme using his Forest Hills-based law firms, Wisnicki & Associates LLP and Wisnicki Neuhauser LLP. Robert Wisnicki, who was indicted along with seven others in January 2022, pleaded guilty in the US District Court for Southern District of […]

Written by FinCrime

Gary Gensler is making the SEC into a banana republic

Reported by Charles Gasparino When you think of a ­“banana republic,” you think of corrupt dictators someplace distant, where the people in power control the economy and jail their political opponents. Places like this still exist in the world — and believe it or not, right here in the good ’ol US of A. Securities […]