Lynn Wiedmer of Glen Head says she lost more than $500,000 when she wired funds for an all-cash home purchase to an account that turned out to be controlled by a scammer. 


Business

LI woman loses $500G in mortgage scam

Newsday

bzwire200308_photos

Business Trending

Wallet Watch

LI's priciest home sales

People on the Move

Latest real estate news

Most Popular

Latest Videos

Latest videos

Here's how these Long Island content creators use TikTok to build their careers.

Meet the Long Islanders making it big on TikTok

Two people, clad in black masks, banged on the door of Rex A. Heuermann's Massapequa Park home Tuesday night.

2 shown on Ring camera banging on door of Rex A. Heuermann's home

Suffolk created a street takeover task force in 2024 that has broken up more than 100 incidents in the county.

What local police departments do to combat the problem

A 2023 Farmingdale High School crash led to New York mandating seat belts in charter buses, but enforcement remains challenging. NewsdayTV's Ken Buffa reports.

'This law is difficult to enforce'

The plane was built more than 100 years ago at the Curtiss aircraft factory in Garden City. NewsdayTV's Ken Buffa reports.

'There's only three in the country'

Sign up for the Daily Business newsletter

Business Newsletter Widget

The commercial printing business made book covers, dust jackets and inserts.

Commercial book cover printer in Hicksville to relocate, laying off 85 workers

Business Article Bottom Module

The county executive praised a new luxury condo project at its groundbreaking as a way to expand the village's economy.

Blakeman says $1M Mineola condos could keep wealth in Nassau

Starbucks has reported better-than-expected quarterly revenue and profit.

Starbucks reports strong quarterly sales across customer income levels and times of day

A lease expiration will end Maggiano's Little Italy's nearly decade-long run in Garden City — and leave Long Island without a location.

Maggiano's to close its only LI restaurant, laying off 57 workers

Elon Musk's company xAI is suing Minnesota over the state's first-in-the-nation law that bans "nudification" technology on websites and apps.

Elon Musk's xAI sues Minnesota over its first-in-the-nation law banning 'nudification' technology

Meta Platforms says its second-quarter profit declined even as revenue beat Wall Street's expectations, as legal expenses and severance costs for recent layoffs weighed on its results.

Meta shares drop as Q2 profit declines due to legal expenses and severance costs

Microsoft has posted strong quarterly earnings, surpassing expectations with significant growth in its cloud computing platform and a boost in paid AI users.

Microsoft beats Wall Street expectations with $90B in revenue

Business Video Playlist

The price of childcare can be prohibitive for many Long Island parents. NewsdayTV's Andrew Ehinger reports along with NewsdayTV's Ken Buffa, Newsday business reporter Victor Ocasio and daycare owner Janna Rodriguez.

'Probably as much as rent or mortgage'

The overall inflation rate for the Long Island area is now 5.1%, up from 3.4% in May 2025. Newsday business reporter James T. Madore has more.

'Long Islanders are feeling the pain'

Recently passed state auto insurance reforms could help lower car insurance rates as much as 10% for New York drivers, according to some estimates. NewsdayTV's Virginia Huie reports.

'If it ain't now, it ain't happening. It's a dream.'

If approved, it would be the first new hospital on Long Island since 1980. Newsday business reporter James T. Madore has more.

'There are steps still to go'

The Riverhead Shake Shack, opening June 30, will be the chain's first on the East End.

Shake Shack set to open at Tanger Outlets

If approved, the 130,000-square-foot Bass Pro Shops Outdoor World would feature an indoor aquarium, historical displays and taxidermy wildlife mounts.

Bass Pro Shops combines outdoor gear, tourist attractions

Amanda Pastore, of Levittown, feels the pressure to provide her son a birthday party like other children his age — but at what financial cost?

'I just want him to fit in with everybody else'

Median home prices rose 7.8% in Nassau and 6.7% in Suffolk in April. Newsday business reporter Jonathan LaMantia has more.

'Things are looking up in terms of the number of new listings'

Government data shows grocery inflation in the metro area has risen 1.5%. NewsdayTV's Andrew Ehinger reports.

'Everybody is feeling the pinch'

A number of Long Islanders are picking up extra jobs in an effort to make ends meet. NewsdayTV's Andrew Ehinger reports.

'Nearly a third of Long Islanders reported being financially strained'

NewsdayTV's Ken Buffa shows you Newsday's new website where you can find stories, data and tips concerning your bottom line.

Introduction to Newsday's Wallet Watch

NewsdayTV's Ken Buffa, Andrew Ehinger and Newsday business reporter James T. Madore look at why everything seems to cost more on Long Island.

'There's still nothing like Long Island'

NEWSDAY TV SHORTS

Vertical videos

NewsdayTV's Doug Geed visits three restaurants where dining al fresco is the way to go.

Out East: Restaurants with great outdoor spaces

NewsdayTV's Ken Buffa learns the 'high pressure' job of an engineer at National Grid's materials testing lab in Melville.

LI Works: Under pressure with Ken at National Grid

A pop-up at Robert Moses State Park called "Shark Shack" teaches about marine life and shark safety.

Shark Shack at Robert Moses State Park tells you what to do when you meet a shark

NewsdayTV's Ken Buffa stops by Smokin' Al's in Massapequa to try their oversized nachos, known as Macho Nachos.

Trendy Bites: 'Macho Nachos' at Smokin' Al's

Street takeovers: What LI police departments do to combat the problem

From a surf lesson to eating along the boardwalk, Newsday travel writer Carissa Kellman explores Rockaway Beach.

Surf’s up: Best waves, best bites in Rockaway Beach 

SailAhead, an organization that works to end veteran suicide by introducing former servicemen and women to sailing, took 100 veterans on the water Sunday. NewsdayTV's Andrew Ehinger reports.

SailAhead takes 100 veterans sailing

NewsdayTV's Elisa DiStefano tries a Hyrox fitness class at Black Bear Athletics in West Babylon.

Why Hyrox is trending on Long Island

From pizza to clams, Newsday food writer Andi Berlin visits two restaurants that are on the way to Northwell at Jones Beach Theater.

Eats en route to Jones Beach

<a href="https://www.newsday.com/video/newsdaytv-top-stories">Get more on these and other NewsdayTV stories</a>

Newsday TV

NewsdayTV Top Item

Music teacher pleads not guilty ... Southold ICE meeting ... Masked people bang on Heuermann's door ... Scourge of street takeovers

Music teacher pleads not guilty ... Masked people bang on Heuermann's door ... Scourge of street takeovers

App Nativo Ad Unit Slot

Business - megaslot

Keep up with Long Island and national business news, including complete coverage of local companies, technology updates, stock market changes and more.

Stay logged in.