On Feb. 15, New York officials announced the arrest of four individuals accused of defrauding the Build It Back program, an initiative designed to help property owners rebuild after Hurricane Sandy. The alleged schemes resulted in the theft of $300,000 in disaster relief funds and the attempted theft of $1 million in property.
In early February, 32 people were charged with international drug trafficking, according to New York City prosecutors. Authorities seized more than 103 pounds of heroin and fentanyl, worth around $22 million, in the operation.
According to the Centers for Disease Control and Prevention (CDC) deaths from opioid use is at an all-time high. In 2014, 47,000 people died from drug overdose. CDC Director Dr. Tom Frieden remarked that the statistics illustrate the need for law enforcement to intensify efforts "to reduce the availability of heroin, illegal fentanyl and other illegal opioids." The fact is that since 2000, there has been a 200 percent increase in deaths involving opioid pain relievers such as heroin. This drug, which has been around for more than a century, is among the most popular illegal substances found in New York.
New York residents may have heard about Bernie Madoff and his Ponzi scheme. In a Ponzi scheme, funds from new investors are used to pay off previous investors. This type of investment fraud usually collapses when there is no new money coming in. One of the signs of such a scheme is that the investment has relatively little risk and a high rate of return. In most cases, only high-risk investments offer high rates of return.
On Jan. 23, it was reported that a New York drug dealing ring that was responsible for pushing more than 160,000 oxycodone pills was busted by the authorities. Two individuals who were thought to be the leaders were taken into police custody at their homes.