LI Brothers Face More Charges In Fraud Case: US Attorney

CENTRAL ISLIP, NY — A superseding indictment was filed on Thursday against a Great Neck man.

Adam Kaplan, 35, faces additional counts of attempted obstruction of justice in connection with a grand jury investigation during his pretrial release on fraud charges, federal prosecutors said.

He also faces new charges of conspiracy to commit wire fraud and conspiracy to commit bank fraud, and an additional money laundering conspiracy charge with his twin brother Daniel Kaplan, U.S. Attorney John Durham said.

In July 2023, Adam Kaplan and Daniel Kaplan, investment advisors with a financial services firm, were charged in a 16-count indictment in connection with a scheme to defraud at least 50 victims
of more than $5 million, prosecutors said.

They will be arraigned on the superseding indictment at a later date.

"As alleged in the superseding indictment, before his arrest, and while he was aware of a
grand jury investigation into his crimes, Adam Kaplan attempted to threaten and injure victims
and witnesses and bribe law enforcement," Durham said. "But his disregard for the law and court-ordered rules didn’t stop there, he also repeatedly and flagrantly violated his conditions of pretrial release."

The superseding indictment charges that between April 2023 and September 2024, while
aware of a federal grand jury investigation into the brothers’ conduct, Adam Kaplan attempted to
influence, obstruct and impede the underlying investigation, including through attempts to
threaten, injure and pay off witnesses, and destroy evidence. Specifically, Adam Kaplan
ordered an associate to create a fake email from a victim so that Adam Kaplan could use the fake
email as evidence at trial and to impeach that victim’s credibility. Adam Kaplan also engaged in a months’ long fraudulent scheme to steal money from victims; and attempted to tamper with, threaten and pay off witnesses, including telling his associate that a victim needed 'to fear,' Durham said.

FBI Assistant Director in Charge James Dennehy said: “Kaplan’s alleged actions reflect remorselessness as he continued to make concerted efforts to protect his multimillion-dollar fraud scheme even following his initial arrest. The FBI will never tolerate individuals who prey upon populations for personal wealth, and then resort to extreme measures to conceal their egregious wrongdoings."