Week in Review: Montauk Panoramic Owners Charged in Ponzi Scheme

The top headlines for July 28 to Aug. 3.

Panoramic View Credit: Courtesy of Panoramic View
Panoramic View Credit: Courtesy of Panoramic View
A look back at the week's top headlines. 

1. Montauk's Panoramic Wrapped Up in $100 Million Ponzi Scheme, Feds Allege

Two men from Old Westbury were charged Thursday as part of a nearly $100 million Ponzi scheme that involved funds to buy the Panoramic View Resort & Residences in Montauk, according to the US Attorney's office.

Montauk Fire Chief: Department Didn't Lose a Nickel

The Montauk Fire Department pulled their funds out of an investment, made with the Long Island mencharged in a $100 million Ponzi scheme on Thursday, in the nick of time, Chief Richard Schoen said.

3. Local Kids Travel to Rio for Pope's World Youth Day

The Rev. Msgr. Donald Hanson said that Most Holy Trinity Roman Catholic Church in East Hampton sent the teenaged parishioners — all girls — and five chaperones to World Youth Day in Rio de Janeiro.

4. Cantwell Thankful for 32 Years with Village

"Today is a day in that Larry is hanging up his title as Village Administrator," Mayor Paul F. Rickenbach Jr. said. "Remembering his tenure, I recalled a consummate public official whose professional acumen, sage advice, and doing the right thing for the public always came through, tempered with good common sense."

5. Last Saturday's Shark's Eye "No Kill" Tournament Declared A Success

Sharks, long hunted for food and sport, are starting to face extinction, and in turn so is the shark fishing industry. The tournament was intended to ring in the next phase of the evolution of sport shark fishing, so that both sides can continue for generations to come. 


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