Nanuet Consultant Faces Prison on Federal Fraud Charges

A Nanuet consultant faces decades behind bars after being charged last week by the feds in two investment fraud schemes. The U-S Attorney for the Southern District of New York says 50 year-old Ruless Pierre promised more than 100 investors a 20 percent return. They say he told them their funds were growing, but lost most of their $2 million and bought fancy cars instead. He’s also accused of embezzling $400,000 from the bank accounts of two hotels in Palisades and Armonk he worked for. If you have information about this case call the the U-S Attorney’s Office at 866-874-8900.

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