Brooklyn FBI agents raided a Brooklyn house Monday morning in a surprise raid taking a few boxes according to witnesses and taking one man into custody for stock fraud.
According to the Daily News, Giacomo (Jack) Illare was the man busted by the feds for a pump and dump stock scheme at his Borough Park home at 21st. Ave. and 57th St.
BORO PARK: FBI just raided a house in Boro Park corner 21 Ave & 57 st took out many boxes and then an older gentleman in handcuffs pic.twitter.com/IQlD5fkJr4
— jay katz (@Yiddish_Niyes) May 7, 2018
In 1996, he allegedly got involved with the same crew in a company called Net Tel.
Illare was awaiting arraignment in federal court Monday.
Neighbor Avi F. told GifterInGotham and the Daily News he was surprised as Illare was hauled away by agents, calling him “a very friendly and nice gentleman.”
A local Jewish real estate agent was also puzzled by the operation.
Tables, chairs, and sofas were left outside the house. neighbors claim the house was in the process of being sold.