2nd guilty plea in $100M New York Ponzi scam

CENTRAL ISLIP, N.Y. (AP) — A second New York businessman pleaded guilty for his role in a $100 million Ponzi scheme that helped fund what prosecutors called a failing Hamptons resort.

Adam Manson, 42, of Old Westbury, pleaded guilty in federal court on Long Island Monday to one count of conspiracy to commit securities fraud. The plea came two weeks after Manson’s brother-in-law, Brian Callahan, pleaded guilty in the same courthouse to securities and wire fraud