8legs: Southern district of new york, usa

Your Followed Topics

#1 out of 3

crime1d ago

Darryl Cohen, a former Morgan Stanley advisor, was convicted of wire fraud and investment adviser fraud in a scheme targeting NBA players including Jrue Holiday.
Prosecutors said Cohen and others defrauded players of over $5 million through life insurance policies sold at massive markups.
About $500,000 was allegedly diverted from players’ accounts to a basketball-related nonprofit under the guise of donations.
Cohen allegedly used players’ funds to pay off other clients threatening lawsuits over lost investments.
Cohen argued some transactions were approved by the players and venue was improper in SDNY, but the judge rejected those motions.
Cohen faces up to 20 years in prison and can appeal to the U.S. Court of Appeals for the Second Circuit.
Daryl Darden Jr. was mentioned as a related case involving defrauding Dwight Howard and Chandler Parsons.
The case highlights alleged misuse of a nonprofit in the scheme and misdirection of funds.
Trial status: Cohen convicted; case details presented by Sportico as the primary source.

Vote 0

#2 out of 3

crime1d ago

Ebisawa was sentenced to 20 years in prison by a New York federal court for attempting to traffic nuclear materials and drugs.
Investigators posed as drug and arms smugglers in a four-year undercover operation spanning three continents.
Prosecutors described Ebisawa as a leader of a transnational Yakuza network involved in narcotics and weapons trafficking.
Ebisawa allegedly discussed supplying nuclear materials to an Iranian contact and even referenced a shopping list of weapons.
The sting involved offers of uranium and plutonium to support a purported Iranian nuclear program.
Authorities described the case as a strong message against illicit nuclear material and weapons trafficking.
Ebisawa faced multiple charges beyond nuclear material trafficking, including arms dealing and money laundering.
The case connected to drugs and arms trade across continents, with involvement from U.S. investigators.
The sentence included five years of supervised release in addition to prison time.

Vote 0

#3 out of 3

sports12h ago

The latest development centers on Travis Kelce and Patrick Mahomes and their connection to a steakhouse matter.

Vote 0

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.

Create an account and enjoy content that interests you with your personalized feed

Unlimited Access

Personalized Feed

Full Experience

By continuing, you agree to the Privacy Policy.. You also agree to receive our newsletters, you can opt-out any time.