Investment Fund Manager Admits To $96 Million Ponzi SchemeAn investment fund manager has admitted in a Long Island courtroom to stealing nearly $100 million of investors' money in a Ponzi scheme that helped fund his interest in a Hamptons resort.
Officials: Two NY Men Charged In $96 Million Ponzi SchemeIf convicted, Brian Callahan and Adam J. Manson each face a maximum sentence of 20 years in prison on each of the securities fraud, wire fraud and conspiracy to commit wire fraud counts.

More From CBS New York

CAMPAIGN 2016
WCBS 880 Small Business Breakfast

Listen Live