the staff of the Ridgewood blog
Park Ridge NJ, Attorney General Gurbir S. Grewal announced that a father and son were sentenced to prison today for defrauding investors in two successive multi-million dollar scams involving sales of bogus investments. After defrauding 26 investors in the first scam, the father and son agreed to pay $5.5 million, including $4 million in investor restitution, to settle a lawsuit filed by the New Jersey Bureau of Securities. They then proceeded to defraud 15 of the same investors of $3 million in a second scam.
