Tag: Financial Crime

D.A. Bragg Announces Indictments In Sprawling Investigation That Charges City Employees In Ghost Gun And Fraud Conspiracies

March 7, 2024

“As alleged, the takedown of a sophisticated ghost gun manufacturing operation uncovered wide-ranging schemes, including the link to a massive fraud and a planned burglary,” said District Attorney Bragg. “These alleged schemes were orchestrated and largely operated by city employees, many of whom abused their positions of public trust for personal gain. We see a clear link between those engaging in violent crimes and traditional white-collar fraud at the same time. My Office will continue leveraging the expertise and tools available at our disposal to dismantle these types of interconnected schemes, no matter how complex they are. I thank all of our prosecutors, analysts and investigators for their hard work and diligence in following the facts and uncovering this series of criminal activity.”

Manhattan D.A. Bragg, Comptroller DiNapoli Announce Guilty Plea Of Former NYU Director Of Finance For Major Fraud

February 26, 2024

“Cindy Tappe took advantage of her position as the NYU Director of Finance and Administration by diverting funds that were intended to benefit students for her own personal gain. Her fraudulent actions not only threatened to affect the quality of education for students with disabilities and multilingual students, but denied our city’s minority and women owned business enterprises a chance to fairly compete for funding,” said District Attorney Bragg. “In Manhattan, we will continue to root out fraud committed at the expense of our students and businesses. I thank the New York State Comptroller’s Office for its partnership in this investigation.” 

D.A. Bragg: HFZ Capital, Managing Principal, Other Executives Indicted For Frauds Totaling $86 Million

February 7, 2024

“These indictments depict allegations of widespread fraud within the real estate industry primarily spearheaded by one man: Nir Meir,” said District Attorney Bragg. “In total, we allege these defendants’ conspiracies netted them a total of $86 million stolen from investors, contractors, and the City of New York. My Office’s Rackets Bureau is laser-focused on fraud in the construction and real estate industries and will continue to root out people who steal from investors and corrupt the market.”