Weather Alert  

Tropical Storm Fay Winding Down This product covers Southeast New York, Northeast New Jersey, and Southern Connecticut **Tropical Storm Fay Winding Down** NEW INFORMATION --------------- * CHANGES TO WATCHES AND WARNINGS: - Tropical Storm Warning cancelled for New York City boroughs, Eastern Essex, Eastern Union and Hudson Counties. * CURRENT WATCHES AND WARNINGS: - A Tropical Storm Warning is in effect for Northeastern Suffolk, Northern Nassau, Northwestern Suffolk, Southeastern Suffolk, Southern Fairfield, Southern Middlesex, Southern Nassau, Southern New Haven, Southern New London, Southern Westchester, and Southwestern Suffolk * STORM INFORMATION: - About 20 miles northwest of New York City NY or about 120 miles west of Montauk Point NY - 41.0N 74.2W - Storm Intensity 40 mph - Movement North or 5 degrees at 17 mph SITUATION OVERVIEW ------------------ Tropical Storm Fay, located west of NYC, will continue to weaken as it lifts north of the Tri-state overnight. The remaining threats are for gusty winds tonight and dangerous surf conditions into Saturday. POTENTIAL IMPACTS ----------------- * OTHER COASTAL HAZARDS: Life-threatening rip currents are expected for all people entering the surf zone. Beach flooding and localized dune erosion along the Atlantic Ocean beachfront are possible during the times of high tide tonight through Saturday. Localized minor flooding, inundation of 1 ft or less, along vulnerable coastal and shoreline locales of the Great South Bay of Long Island and Jamaica Bay, Lower NY/NJ Harbor, Coastal CT, Coastal Westchester, and Gardiners Bay during times of high tide tonight. * WIND: Potential impacts from the main wind event are now unfolding across. Remain well sheltered from hazardous wind having limited impacts. If realized, these impacts include: - Unsecured lightweight objects blown about. - A few large tree limbs broken off. A few trees shallow rooted trees uprooted. Some roadway signs blown over. - A few roads impassable from debris, particularly within urban or heavily wooded places. Hazardous driving conditions on bridges and other elevated roadways. - Scattered power and communications outages. Elsewhere across Southeast New York, Northeast New Jersey, and Southern Connecticut, little to no impact is anticipated.

Long Island Man Pleads Guilty in Connection with $5 Million Ponzi Scheme

LongIsland.com

Rocco faces a maximum penalty of 20 years in prison, a fine of over $250,000, and restitution of up to $3,498,940.13.

Print Email

Central Islip, NY - December 10, 2014 - Long Island resident Robert Rocco, 49, pleaded guilty today before U.S. District Judge Leonard D. Wexler at the federal courthouse in Central Islip, NY, to wire fraud in connection with a series of fraudulent investment schemes that he created. Rocco faces a maximum penalty of 20 years in prison, a fine of over $250,000, and restitution of up to $3,498,940.13. Sentencing will be scheduled when the Presentence Investigation Report is completed.

The guilty plea was announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York, and George Venizelos, Assistant Director-in-Charge, Federal Bureau of Investigation, New York Field Office (FBI).

“For nearly seven years, rather than make sound investment decisions as he had promised, Robert Rocco fleeced friends, neighbors, and colleagues and used their money to fund his own lavish lifestyle. His lies caught up to him and his scheme was revealed. Today, through his plea of guilty, Rocco has finally admitted to his criminal conduct,” stated United States Attorney Lynch. Ms. Lynch expressed her grateful appreciation to the Federal Bureau of Investigation for its work on the investigation.

Rocco, while acting as the president of the Dix Hills Soccer Club, solicited club members and volunteers, friends, and neighbors to invest money in a series of businesses that he formed including, Limestone Capital Services (“Limestone”), Advent Merchant Services, LLC and Advent Equity Partners, LLC, that Rocco claimed would earn high rates of return on investments. Rocco told investors that they would receive returns of up to 18% of their principal investment annually through the companies’ investments in ventures that purportedly included providing loans to finance wholesale cigarette purchases and a credit card processing venture. Rocco solicited and received approximately $5 million in investor money between 2006 and 2013, which was not invested as promised. Instead, he misappropriated the money and solicited money from new investors which he used to pay purported profits to earlier investors, thus concealing the earlier misappropriation. Rocco also sent account statements to investors that falsely showed that investors’ accounts had earned high rates of return. Between January and March 2010, Rocco deposited $66,915 in checks from the soccer club into Limestone and later distributed the proceeds of the checks to early investors in Limestone, leaving the soccer club with no funds to operate. In April 2010, Rocco sought and received donations to allow the club to continue operations.

he government’s case is being prosecuted by Assistant United States Attorney Allen Bode.

Photo via Free Images