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Financial Fraud

Police & Fire
ELDER ABUSE: Financial Advisor Swiped $75K, Neglected 90-Year-Old Woman In His Care: NJ AG ELDER ABUSE: Financial Advisor Swiped $75K, Neglected 90-Year-Old Woman In His Care: NJ AG
Elder Abuse: Financial Advisor Swiped $75K, Neglected 90-Year-Old Woman In His Care: NJ AG A financial advisor from Verona abused his authority over a 90-year-old client's finances, stealing $75,000 while neglecting her care and well-being and letting her bills pile up, state authorities charged. John Boston, 47, tried to hide his hiring to manage the woman's affairs and assets, they said. He never told his employer and ignored a federal Financial Industry Regulatory Authority requirement to register the victim as a client, New Jersey Attorney General Matthew Platkin said in a joint announcement with Interim Insurance Fraud Prosecutor Al Garcia. After obtaining durable fin…

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by Jerry DeMarco
Police & Fire
South Jersey Woman Stole $675K In Investment Scheme: Prosecutor South Jersey Woman Stole $675K In Investment Scheme: Prosecutor
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, 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 he…

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by Jon Craig
News
NJ Broker Scammed Grieving Army Families Out Of $3.5 Million In Death Benefits, Feds Charge NJ Broker Scammed Grieving Army Families Out Of $3.5 Million In Death Benefits, Feds Charge
NJ Broker Scammed Grieving Army Families Out Of $3.5 Million In Death Benefits, Feds Charge Families of soldiers killed in war lost nearly $3.5 million to a merciless financial counselor from New Jersey who exploited their grief, federal authorities have charged. Caz Craffy, 41, worked for the United States Army when he defrauded two dozen Gold Star families who trusted him out of death benefits, U.S. Attorney for New Jersey Philip R. Sellinger said on Friday, July 7. Craffy – also known as “Carz Craffey” – “took advantage of his role as an Army financial counselor, using lies and deception to steer their investments in a way that would make him money,” Sellinger said during a new…

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by Jerry DeMarco
News
Jersey Shore Cyberthief Swipes $300,000 From Retiree's Account: It Happens A Lot Jersey Shore Cyberthief Swipes $300,000 From Retiree's Account: It Happens A Lot
Jersey Shore Cyberthief Swipes $300,000 From Retiree's Account: It Happens A Lot An unemployed cyberthief from the Jersey Shore swiped more than $300,000 from an elderly Lodi resident’s retirement account after stealing the victim’s identity, authorities charged. Joseph Bilotta, 65, hijacked the online account, along with others in New Jersey and Maryland, “to fund his lifestyle,” Bergen County Prosecutor Mark Musella said. Lodi police notified members of the prosecutor’s Financial Crimes Unit of the account takeover scheme in 2021, Musella said. They arrested Bilotta on theft charges following an investigation and sent him to the Bergen County Jail only to have a judg…

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by Jerry DeMarco