Tag: ponzi-scheme

Brooklyn financial advisor allegedly scammed 10 clients out of $1.24M in Ponzi Scheme: DA

Prosecutors allege that instead of investing client's funds in business opportunities, Likhtenstein used the money for personal expenses and to make partial payments to earlier victims of the Ponzi scheme.

Mar. 25, 2025 By Adam Daly The Brooklyn District Attorney’s Office is urging potential victims of an indicted Sheepshead Bay financial advisor to come forward after he was charged this week for allegedly stealing nearly $1.24 million from 10 investors through a Ponzi Scheme. DA Eric Gonzalez announced that Marat Likhtenstein, 64, was arraigned…