On the date listed above,� 53-year-old Gregory Altieri, was charged with one count of wire fraud. Federal prosecutors have accused Altieri of running a two-year, $200 million Ponzi scheme.
Seth DuCharme, the acting United States Attorney for the Eastern District of New York, said that� “Altieri defrauded investors, including retirees living off their pensions, by representing that he was buying and reselling jewelry for big profits, which was a lie.â€Â
The victims of the Ponzi scheme were police officers, firefighters or first responders from Queens, Long Island, Staten Island in New York and other places. They were promised returns of up to 75% within months of their investments. Altieri pleaded not guilty and was released on $750,000 bond.
Click here to read more about Altieri’s Ponzi scheme.