HILLSDALE INVESTMET ADVISOR CHARGED WITH THEFT BY DECEPTION AND FALSIFYING RECORDS

the staff of the Ridgewood blog

Hillsdale NJ, Acting Bergen County Prosecutor Dennis Calo announced the arrest of BRUCE FIXELLE (DOB: 02/24/1960; married; self-employed investor) of 5 Cherry Hill Court, Hillsdale, NJ on Theft By Deception and Falsifying Records charges. The arrest is the result of an investigation conducted by members of the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti.
In July 2018, the Bergen County Prosecutor’s Office Financial Crimes Unit received complaints against Bruce FIXELLE and capital investment companies with which he was associated, Genesis Advisory Services Corp. and Aurora Capital Management, LLC, from two investors who believed that they had been defrauded.

Upon receipt of the information, detectives from the Bergen County Prosecutor’s Office conducted an investigation which revealed that between 2007 and July 2018, Bruce FIXELLE had received funds in excess of $500,000 from the complaining investors and others and then used those funds for his own purposes and to pay other investors. To conceal his illicit activity, FIXELLE supplied the investors with fraudulent statements of capital investments and returns, tax documents, and bank records.

As a result of the investigation, Bruce FIXELLE was arrested on October 15, 2018 in Hillsdale, NJ and charged with one count of Theft By Deception, with the amount involved being greater than $75,000, in violation of N.J.S.A. 2C:20-4a, a 2nd degree crime; and one count of Falsifying Or Tampering With Records, in violation of N.J.S.A. 2C:21-4a, a 4th degree crime. FIXELLE is scheduled for a first appearance in Central Judicial Processing Court in Hackensack, NJ on Wednesday, October 31, 2018 at 8:30 a.m.

Acting Prosecutor Calo states that these charges are merely accusations and that the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. Acting Prosecutor Calo would like to thank the members of the United States Securities and Exchange Commission for their assistance in this investigation.