Tag: Paul Mancuso

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Judge allows Glen Rock man accused of scamming investors to remain free on bail

glen_rock_theridgewoodblog

FEBRUARY 8, 2016, 2:17 PM    LAST UPDATED: MONDAY, FEBRUARY 8, 2016, 4:56 PM
BY PETER J. SAMPSON
STAFF WRITER |
THE RECORD

A judge on Monday denied the government’s request to revoke the bail of a Glen Rock man who prosecutors alleged had begun to scam new investors while awaiting sentencing for bilking more than $3 million from 15 victims.

Without conducting a hearing, U.S. District Judge William J. Martini issued an order rejecting the government’s bid to detain Paul Mancuso, 49. The judge also set a new sentencing date of March 8.

Last week, lawyers for the government and Mancuso gathered in Martini’s Newark courtroom for a hearing on the bail revocation request when the hearing was abruptly canceled. An aide to the judge said Monday that he based his ruling on the papers that had been previously filed with the court.

https://www.northjersey.com/news/judge-allows-glen-rock-man-accused-of-scamming-investors-to-remain-free-on-bail-1.1508105

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New allegations are leveled against Glen Rock man who has admitted bilking investors

glen_rock_theridgewoodblog

JANUARY 26, 2016, 11:51 AM    LAST UPDATED: TUESDAY, JANUARY 26, 2016, 4:08 PM
BY PETER J. SAMPSON
STAFF WRITER |
THE RECORD

A Glen Rock man who is awaiting sentencing for bilking upwards of $3 million from more than a dozen investors is at it again, federal authorities allege, using a phony alias to scam new victims.

The new allegations against Paul Mancuso, 49, were leveled in a letter that a federal prosecutor sent last week to U.S. District Judge William J. Martini in Newark requesting that his $250,000 bail be revoked and that he be detained pending sentencing.

“Despite having pled guilty [in September] to defrauding numerous victims over a three-year period of more than $3 million, Mancuso is continuing to hold himself out as a real estate entrepreneur — using a phony alias —  in a brazen attempt to lure additional victims into fraudulent real estate transactions,” Assistant U.S. Attorney Anthony J. Mahajan wrote in his letter to the judge.

https://www.northjersey.com/news/new-allegations-are-leveled-against-glen-rock-man-who-has-admitted-bilking-investors-1.1499164