Prominent real estate developer and owner Robert Morgan was indicted on 114 counts in a mortgage fraud scheme that involved more than $500 million in fraudulently obtained loans. The CEO of Rochester-based Morgan Management was charged with conspiracy to commit wire fraud and bank fraud, as well as money laundering. He pleaded not guilty to…

Businessman Kevin Morgan pleaded guilty to conspiracy to commit bank fraud in a $167.5 million mortgage fraud scheme. The Rochester, New York, based executive is the nephew of Morgan Communities President and Founder Robert Morgan. Kevin Morgan, the vice president of Morgan Management, was accused of providing false information to lenders that allowed mortgages worth…

Radio personality Craig Carton was convicted on multiple counts of fraud for running a Ponzi-like scheme that involved reselling concert tickets. A jury delivered a guilty verdict in Manhattan Federal Court after deliberating for five hours. Carton, 49, cheated investors with his plan to sell premium tickets on the secondary market for a hefty profit.…

The CEO and president of Municipal Credit Union was arrested for embezzling millions of dollars from the institution, which is New York’s oldest credit union. He allegedly used most of the money to purchase lottery tickets amounting to $3.55 million, according to federal prosecutors. Kam Wong, 62, was charged in Manhattan federal court with one…