New York News
Bronx tax adviser accused of running Ponzi scheme
NEW YORK -- A longtime Bronx tax preparer has been charged with 35 counts of fraud, grand larceny and money laundering, accused by state authorities of taking clients' money in Ponzi scheme that brought in more than $4.6 million.
New York Attorney General Eric Schneiderman says Robert H. "Bob" Van Zandt in some cases took life savings, promising high rates of return on investments from 2008 through early 2011 though the money was used to pay previous investors or taken by him.
State Supreme Court Justice Denis Boyle has set bail at $500,000 for Van Zandt, who pleaded not guilty.
Authorities say Monday he ran the Van Zandt Agency for decades and began accepting investments from clients in 2007.
Get Eyewitness News Delivered
new york city, bronx, ponzi scheme, new york news
- 4 injured, including child in Bronx fire
- AccuWeather: Warmer days ahead
- Live: Eyewitness News on 7online streamed live!
- iWitness Photos and Videos
- City Council passes plastic foam, e-cigarette bills
- Over 75 injured in London theatre roof collapse
- String of carjackings in Elizabeth
- Triple stabbing at Stamford High School
- Human error contributed in delay of Ariel Russo 911 response
- Tax trouble for taxi tycoon?
- Photos: Injuries reported in Clifton, NJ bus accident
- Consumer Reports: Nasty Chicken
- Target: 40 million accounts may be involved in breach
- Target data breach: 7 Things to know
Eyewitness News Links
Most Viewed StoriesMost Viewed Photos