East End hotel owner Adam Manson pleads guilty in $96M Ponzi scheme

The FBI say Adam Manson and his brother-in-law siphoned money from 40 investors, including $600,000 from the Montauk Volunteer Fire Department.

Adam Manson plead guilty yesterday for his role

Adam Manson plead guilty yesterday for his role in a $96 million Ponzi scheme.

MONTAUK - An East End hotel owner could spend five years behind bars for allegedly being involved in one of the largest investment frauds in Long Island history. 

Adam Manson pleaded guilty yesterday for his role in a $96 million Ponzi scheme.

The FBI say Manson and his brother-in-law siphoned money from 40 investors, including $600,000 from the Montauk Volunteer Fire Department.
 
The duo bought the Panoramic View hotel in Montauk and luxury cars and homes in Westhampton and Old Westbury. 

advertisement | advertise on News 12

Top 5 Must See

Two West Babylon families whose Arnold Avenue house 1 Community response awes families displaced by fire
Holtsville man shot by police faces charges after 2 Holtsville man shot by police faces charges after chase
On Long Island, Hempstead Village held its 24th 3 LIers join the nation in honoring Dr. Martin Luther King Jr.
About 35,000 seniors in Nassau County have lost 4 About 35,000 Nassau seniors lose abatement tax exemption
A Mastic woman is accused of driving while 5 Police: Woman dies after driver high on heroin hits Shirley gas station

advertisement | advertise on News 12

Features

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End!

Explore the Twin Forks with News 12's Doug Geed.

Each week a different shelter visits News 12 Dog Day Fridays Series

Each week a different shelter visits News 12 Long Island with pets up for adoption.

News 12 digs deep to find Long Island's Discover Long Island's Hidden Past

News 12's Danielle Campbell digs into Long Island's roots.

News 12's Lily Stolzberg sees how much Long On The Spot

News 12's Lily Stolzberg sees how much Long Islanders know about everything and anything.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE