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Laurie Schneider Sentenced to Three Years for Ponzi Scheme

Laurie Schneider Sentenced to Three Years for Ponzi Scheme

Laurie Schneider Sentenced to Three Years for Ponzi Scheme 150 150 Rex Securities Law

November 7, 2014- Laurie Schneider of Oceanside, who had pleaded guilty to wire fraud earlier this year, was sentenced to three years in prison by U.S. District Court Judge Denis Hurley for running a $7 million Ponzi scheme.

Schneider, age 39, made a tearful plea for leniency apologizing for the fact that some investors lost their life savings.

The scheme involved the operation of two shell companies Janitorial Close-Out City Corp. which falsely represented that it bought industrial equipment from China for resale in the US and Eager Beaver Realty which falsely represented that they were buying and selling foreclosure properties on Long Island.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

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