South Jersey Woman Stole $675K In Investment Scheme: Prosecutor

A 59-year-old woman from South Jersey has admitted to defrauding a woman out of $600,000 and then stealing her identity, authorities said.

Wei Song
Photo Credit: *Atlantic County Prosecutor's Office*

Jon Craig

08/25/2023 9:14 a.m.

Wei Song, 59, of Egg Harbor Township, faces 16 years in New Jersey State Prison under her plea agreement on money laundering and identity theft charges, according to the Atlantic County Prosecutor's Office.

This case involved a multi-year social engineering scheme that resulted in financial losses of over $600,000 from one victim and over $75,000 in identity theft damages, the prosecutor said. The defendant preyed upon the victim, convincing her to invest her life savings in what was purported to be a business investment, which in reality never existed, the prosecutor said.

At the same time, Song pretended to be the victim and used her identity for financial gains, the prosecutor said.

Sentencing is scheduled for Oct. 19.

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