New York Attorney General Letitia James today filed a lawsuit against Lear Capital (Lear) and its founder, Kevin DeMeritt, for cheating nearly 1,000 New Yorkers out of approximately $10 million. In the petition, Attorney General James alleges that Lear persuaded investors — including many elderly residents of Western New York who were seeking to safeguard their retirement savings — to invest tens of millions in precious metals, primarily coins. Lear did this while fraudulently charging undisclosed commissions — up to 33 percent — on more than $43 million in sales. Lear targeted New Yorkers’ individual retirement accounts and other savings, and charged hidden commissions that instantly reduced New Yorkers’ investments by as much as one-third — unlawfully profiting approximately $10 million at the commencement of these investments. Lear also perpetrated its scheme while not being registered as a commodity broker-dealer, commodity investment advisor, or a telemarketer — all as required by New York law.
“When it comes to protecting New Yorkers’ life savings, we will not hesitate to do everything in our power to protect their investments and their ability to retire with dignity,” said Attorney General James. “Simply put, Lear Capital’s business plan relied heavily on cheating nearly 1,000 New Yorkers who were afraid of losing their hard-earned retirement savings out of approximately $10 million. Lear’s promises of safe investments in precious metals only ended up defrauding New Yorkers out of up to a third of everything they invested through hidden commissions. Our office will…
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On Sunday, June 06, 2021, at approximately 0214 hours, police responded to a 911 call of a male, shot inside of 2489 Tiebout Avenue, within the confines of the 46th Precinct in the Bronx.
Upon arrival, officers observed a 40-year-old male, unconscious and unresponsive, with a gunshot wound to the torso.
EMS responded and transported the victim to St. Barnabas Hospital, where he was pronounced deceased.
Following proper family notification, the deceased has been identified as follows.
Victim:
Edward Campbell
address withheld
Bronx, NY 10457
Pursuant to an ongoing investigation, the following individuals, a 23-year-old male and a 20-year-old female, have been arrested on June 09, 2021 and June 14, 2021, respectively.
Arrested:
Marlon Gardner
address withheld
New Rochelle, NY 10801
Charges:
- murder;
- robbery;
- burglary;
- manslaughter;
- criminal possession of a loaded firearm.
Arrested:
Fatimah Adegoke
address withheld
Yonkers, NY 10701
Charges:
- murder;
- robbery;
- manslaughter;
- criminal possession of a weapon.
The investigation remains ongoing.
All charges are merely accusations and all defendants are presumed innocent until and unless proven guilty.
Anyone with information related to this incident is asked to call the NYPD‘s Crime Stoppers hotline at 1–800–577–TIPS (8477) or for Spanish, 1–888–57–PISTA (74782). The public can also submit their tips by logging onto the Crime Stoppers‘ website or by texting their tips to 274637 (CRIMES) then enter TIP577.
All tips will be kept strictly confidential.
.
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Editorial
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The deaths of more than 13,000 elderly persons in nursing homes in New York State is travesty. The posture, taken by Governor Andrew Cuomo, is an ugly representation of the his leadership, tarnishing his past accomplishments.
My gripes and disagreements with the governor are due to my positions as a Conservative Democrat and Pentecostal minister. My religious conservative beliefs compel me to go against the governors stand on certain issues, that in my purview, are morally wrong and damaging.
I would like to make it clear that my position against Governor Andrew Cuomo have been solely based on my deeply rooted Christian Conservative values. Other than that, if I were a liberal socialist Democrat, I would confidently say that no one has done more to move forward the progressive socialist agenda than Gov. Cuomo. However, I acknowledge, that despite his leftists views, he has done some humanitarian and good will for those in need. For example:
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New York Attorney General Letitia James today filed a lawsuit against Lear Capital (Lear) and its founder, Kevin DeMeritt, for cheating nearly 1,000 New Yorkers out of approximately $10 million. In the petition, Attorney General James alleges that Lear persuaded investors — including many elderly residents of Western New York who were seeking to safeguard their retirement savings — to invest tens of millions in precious metals, primarily coins. Lear did this while fraudulently charging undisclosed commissions — up to 33 percent — on more than $43 million in sales. Lear targeted New Yorkers’ individual retirement accounts and other savings, and charged hidden commissions that instantly reduced New Yorkers’ investments by as much as one-third — unlawfully profiting approximately $10 million at the commencement of these investments. Lear also perpetrated its scheme while not being registered as a commodity broker-dealer, commodity investment advisor, or a telemarketer — all as required by New York law.
“When it comes to protecting New Yorkers’ life savings, we will not hesitate to do everything in our power to protect their investments and their ability to retire with dignity,” said Attorney General James. “Simply put, Lear Capital’s business plan relied heavily on cheating nearly 1,000 New Yorkers who were afraid of losing their hard-earned retirement savings out of approximately $10 million. Lear’s promises of safe investments in precious metals only ended up defrauding New Yorkers out of up to a third of everything they invested through hidden commissions. Our office will not allow fraudsters and cheats to raid retirement savings and leave New Yorkers’ scrapping to get by, which is why today’s action not only seeks to immediately halt Lear’s illegal scheme, but return millions of dollars back into New Yorkers’ wallets.”
To earn trust from prospective investors at the start, Lear falsely told them that Lear’s success was directly related to the investors’ success and that investors’ financial security was Lear’s main concern. The truth, however, was that Lear’s success was inversely related to the investors’ interests; Lear…
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SPORT NEWS
Patrick J. O’Sullivan, Jr., a real estate attorney from Brooklyn, will run a twenty-mile tour of the five boroughs on Saturday, July 17, 2021, to raise funds for Catholic Guardian Services, a 134-year-old human services agency.
Mr. O’Sullivan, a board member at the agency, has promised to match every dollar raised up to $21,000, coining the title “20 for 21”: twenty miles to match up to twenty-one thousand in donations.
Mr. O’Sullivan will begin on Staten Island, run through Brooklyn, Queens, and Manhattan, and finish at the CGS Family Counseling & Wellness Center, 1990 Westchester Avenue in the Bronx, one of the Catholic Guardian Services program sites, where he will be greeted by agency employees, fellow board members, and Bronx community stakeholders.
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Said O’Sullivan, “The YES! Program empowers young adults in foster care with the skills they need to enter the workforce with confidence. Running through NYC is my way of saying YES! to helping the next generation of New Yorkers.”
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