Feds: New Canaan Man, 50, Charged in Real Estate Investment Scheme

Federal prosecutors announced last week that they’ve charged a 50-year-old New Canaan man with securities fraud for his role in a real estate scheme. Eric Malley,  founder and former chief executive officer of real estate private equity investment firm MG Capital Management L.P., also faces charges of wire fraud after inducing “hundreds of individuals to invest a total of more than $50 million in two real estate investment funds by, among other things, lying about his own prior experience and investment track record and about the nature and characteristics of those funds,” U.S. Department of Justice officials said in a press release. “Eric Malley allegedly promised his clients that they would reap the benefits of owning equity in Manhattan real estate through his time-tested, sophisticated, debt-free investment strategy,” Acting Manhattan U.S. Attorney Audrey Strauss said in the release. “As alleged, those promises were lies. Malley lied about his prior funds’ existence and performance, and he lied in promising clients that the funds were free of debt and leased to prominent corporate tenants. While his investors lost money, Malley enriched himself. We will continue to work with our law enforcement partners to protect investors from these types of deceptive practices.”

He will be presented before a magistrate judge in the Southern District of New York.

NCPD

Police: One Vehicle Stolen from New Canaan, Three Illegally Entered

Police confirmed Monday that yet another vehicle—unlocked with keys left inside—has been stolen from New Canaan. The theft was reported to police at about 10:23 a.m. Saturday and the car was recovered later in the day in Bridgeport, Lt. Jason Ferraro, the New Canaan Police Department’s public information officer, confirmed. In addition, police on Sunday afternoon received three reports of unlocked cars illegally entered. The reports came in from Parade Hill Lane, Wahackme Road and Lambert Road between 2:48 p.m. and 4:30 p.m., and in some cases items were removed from the vehicles, police said. The reports come come as New Canaan and area towns grapple with sharp increases in thefts of and from motor vehicles.

New Canaan Fire Officials: Ensure Building Addresses Are Clear and Visible

The New Canaan Fire Department in conjunction with the Fire Marshal is embarking on an initiative to make certain that all buildings are appropriately marked with their address number. Emergency responders, Fire, Police and EMS, have the difficult task of locating an address in a critical situation; one that may mean the difference between life and death. 

In this regard it is imperative that street numbers must be displayed and visible to the street according to the Town Code. Numbers should ideally be four inches high with good color contrast. It is recommended by the Fire Department that both front and rear entry and exit doors be marked on commercial properties. 

There are specific definitions for businesses, condominiums, shared driveways and private homes more than 50 feet from the road and/or not clearly visible. The section of the Town code that refers to street numbering is on our website here.

New Canaan Teen Cited for Possession of Alcohol by a Minor

Police on Saturday night cited an 18-year-old New Canaan woman for possession of alcohol by a minor. At about 10:30 p.m. on Jan. 9, officers were dispatched to an Oak Grove Place home on a report of loud noise, police said. There, they discovered about 10 people around a fire pit with containers of alcoholic beverages nearby, according to a police report. Following an investigation, police brought the infraction-level charge against the teen.