Gershon Barkany, of Woodmere, accused of running $50M Ponzi scheme

Officials say Gershon Barkany used the money to

Officials say Gershon Barkany used the money to gamble at casinos. (March 29, 2013 1:20 PM)

A Woodmere man is under arrest and accused of running a $50 million Ponzi scheme. Investigators say Gershon Barkany told investors he was putting their cash into real estate deals but they say the deals "didn't exist." Barkany’s attorney insists he is innocent. News 12 Long Island has learned at least five investors lost millions. Barkany is accused of using some of that money gambling...

Content Preview This content is exclusive for Optimum, Time Warner®, Comcast®, customers with access to News 12.

Already registered or an Optimum customer?
Log in
Time Warner®, Comcast® or Service ElectricSM customer?
Create an account
Not a customer?


advertisement | advertise on News 12

advertisement | advertise on News 12

More News

Each week, News 12's Doug Geed explores the Check out fun things to do on the East End! Each week a different shelter visits News 12 Dog Day Fridays News 12 digs deep to find Long Island's Discover Long Island's Hidden Past