The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
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TRENTON, NJ — A 64-year-old Middlesex County man has been sentenced to 27 months in federal prison for operating a fraudulent commodities investment scheme that defrauded South Korean investors out of more than $1 million, according to U.S. Attorney Alina Habba.
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Denver Co, a former CEO of Outdoor Capital Partners, a fund focused on investing in cycling companies, was sentenced to 71 months in prison for securities fraud on Tuesday. Samuel J. Mancini fraudulently raised nearly $11 million from investors with promises to acquire leading Italian cycling brands, including Cinelli, Columbus, De Rosa, De Marchi Apparel, and Limar Helmets. However, none of the acquisitions materialized, leaving investors without returns on their investments.
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Newark NJ, an Essex County, man was convicted of conspiring to commit wire fraud and wire fraud in connection with an online romance scam, U.S. Attorney Philip R. Sellinger announced today.
Continue reading Essex County Man Convicted of Wire Fraud in Connection with Romance Scam
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Elizabeth NJ, a former investment advisor who stole over $600,000 from his clients to fund his gambling and personal expenses has pleaded guilty, U.S. Attorney Philip R. Sellinger announced today.
Continue reading Union County Investment Advisor Admits Stealing Client Money to Fund Gambling Habit
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Jersey City NJ, a Jersey City attorney was charged with defrauding his clients of more than two million dollars, U.S. Attorney Philip R. Sellinger announced today.
James R. Lisa, 67, is charged by indictment with three counts of wire fraud and four counts of aggravated identity theft. He was arraigned today by videoconference before U.S. Magistrate Judge José R. Almonte, pleaded not guilty and was release on $100,000 unsecured bond.
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Elizabeth NJ, a Union County man who previously served as a staff member in the Democrat New Jersey Senate today admitted his role in a conspiracy to falsely inflate the invoices that a political consultant submitted to various campaigns, political action committees, and IRS 501(c)(4) organizations, U.S. Attorney Philip R. Sellinger announced.
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Spring Lake NJ,
A Florida man who previously resided in New Jersey was arrested and charged with defrauding multiple victims out of more than $1 million through an “upfront-fee” scheme, U.S. Attorney Philip R. Sellinger announced today.
Continue reading Jersey Shore Man Charged with $1 Million ‘Up-Front’ Fee Scheme
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Haddon Heights NJ, the president and CEO of a commercial diving school was sentenced today to 27 months in prison for fraudulently obtaining funding from the U.S. Department of Education (DOE) and the U.S. Department of Veterans Affairs (VA) for the school and its students, U.S. Attorney Philip R. Sellinger announced.
Continue reading NJ Diving School Owner Sentenced to 27 Months in Prison for Wire Fraud
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Bordentown NJ, a Burlington County, New Jersey, man today admitted his role in a GoFundMe scheme that collected money from donors on the internet, purportedly to benefit a homeless man, Acting U.S. Attorney Rachael A. Honig announced.
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Trenton NJ, A New Jersey man has been arrested for charging unauthorized credit card transactions for music lessons that were not provided to students, and laundering these funds outside of the United States, Acting U.S. Attorney Rachael A. Honig announced.
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Wyckoff NJ, a Bergen County, New Jersey, man was arrested today on charges of engaging in mortgage fraud, fraudulently obtaining an SBA loan, and stealing another person’s identity information, Acting U.S. Attorney Rachael A. Honig announced.
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Wyckoff NJ, a Bergen County, man today admitted stealing health insurance reimbursement checks from a Hudson County medical practice for over four years, U.S. Attorney Craig Carpenito announced.
Continue reading Wyckoff Man Admits Stealing Reimbursement Checks From Medical Practice
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Upper Saddle River NJ, a Bergen County, man today admitted that he defrauded lenders and corporations of $4.9 million by impersonating two bank executives interested in funding syndicated loans for global companies, U.S. Attorney Craig Carpenito announced.
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Glen Rock NJ, the Glen Rock Police report that on February 20th at 1:14 PM ,an accountant with a medical services company located on Harristown Road reported that the company had been the victim of a $100,000 wire fraud. The complainant recounted that multiple emails were received from a fraudulent email address impersonating the company CEO and directing the wire transfer to a bank in China for international business purposes. After realizing that this was a fraud, company representatives contacted police. The detective bureau is currently investigating the matter.
NJ Ez pass is a scam. My personal experience (I have ny account take was issued before nj had the ezpass ). My account has always been in good standing, automatic credit card reimbursement, etc. I have 4 current tags. I put a tag in my newly obtained vehicle with out of state plates while it was here for a month. The garden state parkway toll in wash twps said “tag not read”. To avoid issues, that plate was added to the account 15 minutes later. I received a violation notice (despite meeting all the criteria for NOT being a violation) demanding 1.50 toll and $50 administration fee. I replied as requested online, on the phone, and using their automated system 11 times. They kept sending their lying bs notice. I finally had the last clerk on the phone admit that “their new system was having problems “. I paid the 1.50 toll with a credit card, and made it clear if she tried to ding me the 50 I would dispute the charge and suggest that the local us attorney investigate their practices. Apparently that is how NJ tries to strong arm payments that ate NOT due from unsuspecting motorists who think they may have a registration revoked (it’s not possible ). NJ EZ pass is a corrupt organization (based on my personal experience) and should be investigated. If it was a private company the executives would be indicted for mail fraud wire fraud and corruption for extorting money from motorists that is not due.
