{"id":1890,"date":"2017-11-21T18:15:39","date_gmt":"2017-11-22T00:15:39","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1890"},"modified":"2022-03-22T15:07:34","modified_gmt":"2022-03-22T20:07:34","slug":"sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/","title":{"rendered":"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin"},"content":{"rendered":"<p>\t\t\t\t<strong>SEC Files Fraud Charges Against Oyster Bay, NY<\/strong><\/p>\n<p>The US Securities and Exchange Commission has filed <a href=\"https:\/\/www.securities-fraud-attorneys.com\" rel=\"noopener noreferrer\" target=\"_blank\">municipal securities fraud <\/a>charges against the New York City of Oyster Bay along with John Venditto, who was a former supervisor of the town. According to the regulator, the Long Island Town and Venditto defrauded investors through 26 municipal securities offerings from 8\/2010 to 12\/15. A parallel criminal action has been brought against the ex-town supervisor.<\/p>\n<p>The regulator\u2019s complaint claims Oyster Bay and Venditto hid a number of side deals with a businessman who ran concession stands and restaurants at local facilities. Part of the deals included agreeing to \u201cindirectly guarantee\u201d a number of private loans totaling over $20M to this vendor. \u201cGifts, bribes, kickbacks, and political support\u201d also were allegedly involved. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/\"  title=\"Continue Reading SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEC Files Fraud Charges Against Oyster Bay, NY The US Securities and Exchange Commission has filed municipal securities fraud charges against the New York City of Oyster Bay along with John Venditto, who was a former supervisor of the town. According to the regulator, the Long Island Town and Venditto defrauded investors through 26 municipal [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3760,3795,3761,3741],"tags":[],"class_list":["post-1890","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin &#8212; Investor Lawyers Blog &#8212; November 21, 2017<\/title>\n<meta name=\"description\" content=\"SEC Files Fraud Charges Against Oyster Bay, NY The US Securities and Exchange Commission has filed municipal securities fraud charges against the New York &#8212; November 21, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin &#8212; Investor Lawyers Blog &#8212; November 21, 2017\" \/>\n<meta name=\"twitter:description\" content=\"SEC Files Fraud Charges Against Oyster Bay, NY The US Securities and Exchange Commission has filed municipal securities fraud charges against the New York &#8212; November 21, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin &#8212; Investor Lawyers Blog &#8212; November 21, 2017","description":"SEC Files Fraud Charges Against Oyster Bay, NY The US Securities and Exchange Commission has filed municipal securities fraud charges against the New York &#8212; November 21, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/","twitter_card":"summary_large_image","twitter_title":"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin &#8212; Investor Lawyers Blog &#8212; November 21, 2017","twitter_description":"SEC Files Fraud Charges Against Oyster Bay, NY The US Securities and Exchange Commission has filed municipal securities fraud charges against the New York &#8212; November 21, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin","datePublished":"2017-11-22T00:15:39+00:00","dateModified":"2022-03-22T20:07:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/"},"wordCount":671,"articleSection":["SEC Enforcement","SEC Settlements","Securities and Exchange Commission","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/","url":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-ny-town-accused-municipal-securities-fraud-jay-peak-owner-accused-200m-immigrant-visa-fraud-arrives-tentative-settlement-financial-judgment-reached-110m-investor-fr\/","name":"SEC Cases: NY Town Accused of Municipal Securities Fraud, Jay Peak Owner Accused in $200M Immigrant Visa Fraud Arrives at Tentative Settlement, and Financial Judgment is Reached in $110M Investor Fraud Against Inofin &#8212; 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