The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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New York NY, the Department of Justice (DOJ) announced on Monday the commencement of the 10th and final distribution from the Madoff Victim Fund, marking the culmination of a historic effort to compensate the victims of Bernie Madoff’s infamous Ponzi scheme.
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Franklin Lakes NJ, a New Jersey real estate investor and influencer was arrested today for committing a multimillion-dollar Ponzi-like investment fraud scheme, U.S. Attorney Philip R. Sellinger announced.
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Lakewood NJ, the Securities and Exchange Commission today charged six individuals with a multi-million dollar Ponzi-like fraud scheme orchestrated by criminal recidivist Eliyahu Weinstein of Lakewood, New Jersey.
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Hoboken NJ, The president and a top officer of a real estate investment company were charged for their roles in a scheme to defraud more than 2,000 investors in a $650 million Ponzi scheme, and with conspiring to evade $26 million in tax liabilities, U.S. Attorney Philip R. Sellinger announced today.
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Hillsborough NJ, a Somerset County, New Jersey man, was sentenced today to 78 months in prison for engaging in a $2 million Ponzi scheme targeting elderly investors and for subscribing to a false tax return, Acting U.S. Attorney Rachael A. Honig announced.
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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.
Continue reading Another Arrest Made Tied to Multi Million Dollar Bergen Real-estate Ponzi Scheme
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Englewood NJ, a former New Jersey resident today admitted participating in an investment scheme through which he fraudulently obtained $1.525 million from at least three families from 2017 through 2019, U.S. Attorney Craig Carpenito announced.
Continue reading Former Englewood Resident Admits Role in $1.5 Million Investment Fraud Scheme
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Emerson NJ, Bergen County Prosecutor Mark Musella announced the arrests of CHANDER SINGH (DOB: 07/01/1976; married; owner of SC Capital Investors LLC) of 217 Grayson Place, Teaneck; SOORUJ “PAUL” SINGH (DOB: 03/03/1946; married; employed by Century 21 All Stars 100) and SAVITREE “JOYCE” SINGH (DOB: 12/03/1948; married; employed by Century 21 All Stars 100) both of 33 Sunset Place, Emerson; SUBHAS “BRIAN” SINGH (DOB: 06/21/1970; employed by Century 21 All Stars 100) of 30 South Demarest Place, Bergenfield; and CHANDRIKA “BASIL” SINGH (DOB: 09/10/1949; married; employed by Century 21 All Stars 100) of 71 East Main Street, Bergenfield on Money Laundering, Theft, and Forgery charges. The arrests are the result of an investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti.
Continue reading Three Bergen Realtors Arrested in Multi Million Dollar Ponzi Scheme
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Oradell NJ, Bergen County Prosecutor Mark Musella announced the arrest of SUZETTE R. HART (DOB: 01/13/1966; married; teacher) of 570 Fletcher Avenue, Oradell, NJ on the charge of Theft By Deception. The arrest is the result of an investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti, the Bergen County Sheriff’s Office under the direction of Sheriff Anthony Cureton, and the Oradell Police Department under the direction of Chief William Wicker.
Continue reading Hackensack Teacher Charged with Running a Ponzi Scheme
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Fort Lee NJ, Bergen County Prosecutor Mark Musella announced the arrest of GIUSEPPE VALENTINO (DOB: 02/13/1968; single; unemployed) of 34 Desbrosses Street, Apartment 917, New York, NY, on charges of Money Laundering, Theft By Deception, and Falsifying Records. The arrest is the result of an investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Robert Anzilotti and the Fort Lee Police Department under the direction of Chief Matthew Hintze.
photo by Boyd Loving
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Mr. Speaker,
This bill represents the culmination of a disappointing chapter in the NJ State Legislature’s history.
While public union workers are about to get a two percent raise in just 26 days, nearly 1.2 million of our constituents, the people who we represent, have lost their jobs. Everything considered in this Assembly has no respect for the taxpayers or their future.
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Trenton NJ,Senator Anthony M. Bucco raised serious concerns about Governor Phil Murphy’s plan to borrow as much as $14 billion to fund government spending.
“Given his failure to consider fiscally responsible alternatives to balance the State budget, Governor Murphy’s borrowing scheme is premature, excessive, and almost certainly unconstitutional,” said Bucco (R-25). “When the State is already drowning in debt, New Jersey taxpayers cannot afford to give the Governor the blank check he’s demanding.”
Continue reading Governor Murphy’s Ponzi Scheme Called Premature, Excessive and Unconstitutional
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NEWARK NJ, A South Carolina man was indicted today on charges that he defrauded at least 20 people by soliciting investments in a phony foreign currency trading scheme, Attorney for the United States Rachael Honig announced.
Thomas Lanzana, 51, of Pawleys Island, South Carolina, and formerly of New Jersey, was charged by indictment with two counts of wire fraud and one count of commodities fraud. He was previously charged with the same offenses by criminal complaint on Aug. 10, 2018.
Continue reading Former NJ Native Indicted for Running $1.1 Million Foreign Currency Ponzi Scheme
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Park Ridge NJ, Attorney General Gurbir S. Grewal announced that a father and son have pleaded guilty to defrauding investors of millions of dollars through two successive 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 suit filed by the New Jersey Bureau of Securities, but they then proceeded to defraud 15 of the same investors of $3 million in a second scam.
The following defendants pleaded guilty yesterday before Superior Court Judge Margaret M. Foti in Bergen County:
Continue reading Bergen Father and Son Plead Guilty to Defrauding Elderly Investors of Millions of Dollars
