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Woodcliff Lake Financial Advisor Charged With Fleecing $1M From Elderly Duo
WOODCLIFF LAKE, N.J. -- A Woodcliff Lake financial fleeced two elderly victims of more than $1 million, said authorities who arrested him on theft by deception charges.
Jeffrey Palish, 64, first “failed to make payments on a $100,000 loan that he had received from two elderly clients, a loan which he had failed to disclose to the financial institution at which he was employed,” Acting Bergen County Prosecutor Dennis Calo said Thursday.
“An investigation revealed that, during a four-year period, [Palish] received in excess of $600,000 from the clients,” Calo said.
“The funds were obtained t…
