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U.S. Attorney: Manhattan woman ran investment scheme to defraud 110 investors – Insurance News Net

NEW YORK, Sept. 9 — The U.S. Attorney for the Southern District of New York, Damian Williams, issued the following news release on Sept. 8, 2022:

Damian Williams, the United States Attorney for the Southern District of New York, Pa…….

NEW YORK, Sept. 9 — The U.S. Attorney for the Southern District of New York, Damian Williams, issued the following news release on Sept. 8, 2022:

Damian Williams, the United States Attorney for the Southern District of New York, Patrick Freaney, Special Agent-in-Charge of the New York Field Office of the United States Secret Service (“USSS”), and Keechant L. Sewell, the Commissioner of the New York City Police Department (“NYPD”), announced today the arrest of LAKENYA HOPKINS on charges of securities fraud and wire fraud for her role in a scheme to defraud over 110 investors in Money Magnet Platinum Membership Initiative LLC (“MMPMI”) of hundreds of thousands of dollars by promising unrealistically high rates of return on investments to induce them to invest and lying about how their money would be invested.

Rather than invest the money as promised, HOPKINS used investors’ money for her own personal gain, including to rent a luxury apartment in Manhattan and to purchase high-end luxury goods. HOPKINS was arrested this morning in Manhattan and will be presented before a magistrate judge in the Southern District of New York.

U.S. Attorney Damian Williams said: “As alleged, Lakenya Hopkins preyed on investors, promising them that investing with her would create generational wealth for their families. She lied to induce their investments and continued to lie when they questioned her about the status of their investments. Instead of investing the money as promised, she allegedly enriched herself with a luxury apartment and high-end purchases. We will continue to work with our law enforcement partners to protect the public from investment frauds.”

Special Agent-in-Charge Freaney said: “Fraudsters will continue their attempts to manipulate and threaten the larger financial landscape in which the American public conducts their business and transactions, but the highly skilled investigators of the U.S. Secret Service and New York City Police Department will ensure they do not succeed in evading our judicial system. The allegations contained within this indictment describe predatory and fraudulent behavior that specifically exploited individuals seeking to invest for their future. I am immensely proud of the men and women of the Secret Service for their efforts in this investigation and would like to thank the United States Attorney’s Office for their continued partnership.”

Police Commissioner Sewell said: “Ms. Hopkins turned her investors into victims, betraying their trust to carry out her own despicable embezzlement scheme. The NYPD and our many partners in law enforcement will continue to aggressively pursue anyone who seeks to defraud others, holding them fully accountable for their actions. I want to thank and commend the U.S. Secret Service and the U.S. Attorney for the Southern District for their tireless dedication and focused commitment to seeing justice served in this case.”

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Source: https://insurancenewsnet.com/oarticle/u-s-attorney-manhattan-woman-ran-investment-scheme-to-defraud-110-investors

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