the staff of the Ridgewood blog
Emerson NJ, Bergen County Prosecutor Mark Musella announced the arrest of ANDRICSON JEREZ (DOB: 3/06/1996; single; construction worker) of 2112 Quimby Ave #1, Bronx, NY on charges of Money Laundering Conspiracy, Evading A Transaction Reporting Requirement Conspiracy and Committing Money Laundering With The Purpose Of Facilitating A Crime Conspiracy. The arrest is the result of an investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti.
As previously reported, in the month of February 2020, detectives from the Bergen County Prosecutor’s Office Financial Crimes Unit began receiving complaints pertaining to CHANDER SINGH, Esq. and his company SC Capital Investors LLC from multiple investors who stated that they were owed money from various related real estate transactions. The subsequent investigation revealed that SINGH and his company, SC Capital Investors LLC, a distressed real estate renovation company, perpetrated a Ponzi-like scheme in which SINGH promised investors double digit returns.
During this investigation, it was discovered that ANDRICSON JEREZ had created a front company, A Jerez Realty LLC, and was utilizing SC Capital Investors LLC as a means to obscure illicit proceeds generated by a cellular telephone business in an amount greater than $75,000.00 in an effort to make the funds appear as legitimate real estate investments.
On Monday, December 7, 2020, JEREZ was arrested and charged with one count of Money Laundering Conspiracy, in violation of N.J.S.A. 2C:21-25b(2), a 2nd degree crime; one count of Committing Money Laundering With The Purpose Of Facilitating A Crime Conspiracy, in violation of N.J.S.A. 2C:21-25b(2), a 2nd degree crime; and one
count of Evading A Transaction Reporting Requirement Conspiracy, in violation of N.J.S.A. 2C:21-25e(3), a 3rd degree crime. He was remanded to the Bergen County Jail pending his first appearance in Central Judicial Processing Court in Hackensack.
Prosecutor Musella states that the charges are merely accusations and that the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.
https://theridgewoodblog.net/three-bergen-realtors-arrested-in-multi-million-dollar-ponzi-scheme/
