Ex-Biscayne CEO Gets 10 Years For $130M Ponzi Scheme

By Stewart Bishop · April 24, 2025, 10:52 PM EDT

The co-founder and CEO of defunct investment advisory firm Biscayne Capital on Thursday was sentenced in New York federal court to 10 years in prison, over his admitted role in a...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Case Information

Case Title

USA v. Cortes Ripalda

Case Number

Court

New York Eastern

Nature of Suit

Date Filed

September 01, 2021

Recent Articles By Stewart

March 31, 2025
Ex-FDNY Official Gets 20 Months For Safety Review Kickbacks
February 11, 2025
Ex-NY Gov. Aide And Husband Deny Foreign Agent Charges
October 22, 2024
Real Estate Exec Guilty Of $77M WeWork Stock Fraud
October 21, 2024
$77M WeWork Bid Was Fraud 'From Beginning To End,' Jury Told
October 15, 2024
Exec's $77M WeWork Offer Was Stupid, Not Fraud, Jury Told
September 03, 2024
Former Aide To NY Gov. Indicted On Foreign Agent Charges
June 17, 2024
Pastor Tied To NYC Mayor Gets 9 Years For Fraud Conviction
March 19, 2024
Former Exec Set For Fall Trial In WeWork Stock Fraud Case
March 14, 2024
Ex-Real Estate Exec Accused Of $77M WeWork Stock Fraud
February 26, 2024
Pastor And Ally Of NYC Mayor Was A Con Man, Jury Hears