For StraightPath Funds Fraud Lacaj and Ibrahim Get 42 Months in Prison in SDNY

For StraightPath Funds Fraud Lacaj and Ibrahim Get 42 Months in Prison in SDNY by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, Oct 9 – A man who began as a stock broker at the age of 21 was indicted for fraudulent pitching pre-IPO stocks through the ironically-named StraightPath Funds.    He pled guilty in January 2026 and several times delayed his sentencing. It was set for September 30 before U.S. District Court for the Southern District of New York Judge Vernon S. Broderick. Inner City Press has been following the case.   On September 18 counsel to defendant Ibrahim wrote in to ask for a year and a day (allowing for "good time" credit), saying he "made many mistakes in how he conducted himself while working for the funds, owing in no small part to his poorly managed prior tenure as a stock broker that began when he was only 21 years old."   Too much, too fast? On September 30 he was sentenced to 42 months. Co-defendant Lacaj got the same: 42 months, with restitution of $46 million, joint and several.    The overall case is USA v. Gogliormella, et al., 1:24-cr-362 (Broderick) *** Your support means a lot. As little as $5 a month helps keep us going and grants you access to exclusive bonus material on our Patreon page. Click here to become a patron. Feedback: Editorial [at] innercitypress.com Mail: Box 130222, Chinatown Station, NY NY 10013 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2026 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com