Multi-Million-Dollar Real Estate Ponzi Schemer Admits Securities Fraud and Money Laundering

    -
    By Newjersey RealEstateRama -

    NEWARK – February 4, 2013 – (RealEstateRama) — A Somerset County, New Jersey man pleaded guilty today to one count of securities fraud and one count of money laundering, admitting that he defrauded victims of an investment scheme by misusing their capital contributions and misrepresenting the performance of their investments, U.S. Attorney Paul J. Fishman announced.

    RELATED ARTICLESMORE FROM AUTHOR

    Previous articleMBA Releases 2012 Year-End Commercial/Multifamily Servicer Rankings
    Next articleDOS Hosts State Fire Prevention and Building Code Council Public Meeting