NY prosecutors suspect adoption Ponzi scheme that promised babies but didn’t deliver
By APWednesday, September 30, 2009
NY prosecutors suspect ‘adoption Ponzi scheme’
GARDEN CITY, N.Y. — New York prosecutors are investigating a possible “adoption Ponzi scheme” in which clients were defrauded out of fees for babies who didn’t exist.
The Nassau County district attorney’s office on Long Island said Monday that last week’s arrest of Roslyn lawyer Kevin Cohen on grand larceny and other charges has led other couples to contact investigators.
Cohen is accused of taking $65,000 and failing to deliver on a promised adoption. He has pleaded not guilty. His lawyer, Matin Emouna (muh-TEEN’ eh-MOH’-nuh), says it is “premature to comment.”
Since Cohen’s arrest, eight more couples from New York, Georgia, Texas and Ohio have contacted the Nassau prosecutor’s office.
Filed under: Business, Corporate, Corporate News, Crime
Tags: Arrests, Corporate Crime, Fraud And False Statements, Garden City, New York, North America, United States
Tags: Arrests, Corporate Crime, Fraud And False Statements, Garden City, New York, North America, United States
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