James Nicholson (Investor)
Encyclopedia
James M. Nicholson was an American
businessman and was the head of the investment firm Westgate Capital Management. The headquarters of Westgate Capital was located in Pearl River, NY
. Nicholson was arrested on February 25, 2009 by the FBI and charged by the SEC for allegedly "defraud[ing] hundreds of investors of millions of dollars". Nicholson was indicted by the US Attorney for the Southern District of New York
, on April 23, 2009, and was sentenced to 40 years in prison after pleading guilty to defrauding investors in the Ponzi scheme.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
businessman and was the head of the investment firm Westgate Capital Management. The headquarters of Westgate Capital was located in Pearl River, NY
Pearl River, New York
Pearl River is a hamlet , in the Town of Orangetown Rockland County, New York, United States located east of Nauraushaun; north of the state of New Jersey; south of Nanuet and west of Blauvelt...
. Nicholson was arrested on February 25, 2009 by the FBI and charged by the SEC for allegedly "defraud[ing] hundreds of investors of millions of dollars". Nicholson was indicted by the US Attorney for the Southern District of New York
U.S. Attorney for the Southern District of New York
The U.S. Attorney for the Southern District of New York is the chief federal law enforcement officer in eight New York counties: New York , Bronx, Westchester, Putnam, Rockland, Orange, Dutchess, and Sullivan. Preet Bharara, who was appointed by Barack Obama in 2009 is the U.S. Attorney for the...
, on April 23, 2009, and was sentenced to 40 years in prison after pleading guilty to defrauding investors in the Ponzi scheme.