Imagine trusting your accountant so much that you hand over your savings for “managed investments.” Now imagine finding out years later that those investments never existed. That’s the uncomfortable reality prosecutors say unfolded in Ne...
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The New Jersey Accountant Behind a $10M Ponzi Scheme
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Subscribe05 MAR 2026 / BUSINESS
Bergen County accountant Evangelos Drosos admitted to running a Ponzi scheme that defrauded investors of over $10 million over 12 years. Charged with multiple financial crimes, Drosos pleaded guilty to three counts of wire fraud, bank fraud, and failure to file an individual income tax return, and will be sentenced in June, with potential penalties of up to 20 years imprisonment for each wire fraud charge, 30 years for bank fraud, and 1 year plus financial penalties for failure to file a tax return.
Imagine trusting your accountant so much that you hand over your savings for “managed investments.” Now imagine finding out years later that those investments never existed. That’s the uncomfortable reality prosecutors say unfolded in Ne...
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