MANHATTAN — A Harlem restaurateur was sentenced to five years in prison for running a multi-million dollar Ponzi scheme, federal prosecutors announced Friday.
Hamlet Peralta, 37, raised more than $12 million from investors between 2013 and 2014, under the guise of funding a wholesale liquor distribution business. But Peralta instead used the money to support his “lavish lifestyle” and fund his failing restaurant, The Hudson River Café, prosecutors said.
“Hamlet Peralta swindled millions of dollars from unsuspecting investors who trusted him because of his reputation in the community as a business owner and restaurateur,” said Acting Manhattan U.S. Attorney Joon| This post is an excerpt. Click here to read the full post. |