Two arrested in $96M Ponzi scheme

Two brothers-in-law from Old Westbury -- Brian R.

advertisement | advertise on newsday

Two brothers-in-law from Old Westbury -- Brian R. Callahan and Adam J. Manson -- were arrested Thursday morning by FBI agents on a multicount indictment charging them with siphoning securities investments as part of a nearly $100-million Ponzi scheme that included the takeover of the landmark Panoramic View Hotel & Residence in Montauk.

Get the Newsday Now newsletter!

The best of Newsday every day in your inbox.

Sign up

By clicking Sign up, you agree to our privacy policy.

Comments now uses Facebook for our comment boards. Please read our guidelines and connect your Facebook account to comment.

By using this site, you agree to our Privacy policy.

Sorry to interrupt...

Your first 5 are free

Access to Newsday is free for Optimum customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.