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Prosecutor: Felon continued investment scam while in Bergen County Jail

ONLY ON CLIFFVIEW PILOT: Vincent Posa was in the Bergen County Jail after a family brawl that left his 66-year-old mother with a broken arm when his sister asked a police detective what she should do with $1,000 in cash belonging to the unemployed crack addict that she found in their Hackensack apartment.

Photo Credit: Courtesy Bergen Prosecutor
Photo Credit: Courtesy Bergen Prosecutor

Vincent Posa
(MUGSHOT: Courtesy Bergen Prosecutor)

The investigator advised her to put it in the bank or into Posa’s jail account.

Four months later, Posa was released after serving 101 days in jail for an aggravated assault conviction stemming from the fight, records show.

By then, his mother and sister had obtained a restraining order, and Maria Posa had moved from Hackensack to live with another daughter at an undisclosed location. The other sister found her own place.

Vincent Posa, 36, returned to his family’s native Brooklyn, where he took an apartment in Brighton Beach.

What he didn’t know was that investigators were on his tail.


Yesterday, Bergen County Prosecutor John L. Molinelli announced that detectives from his White Collar Crime Unit arrested Posa, a former investment company solicitor, and charged him with bilking an investor of more than $200,000 for his personal use.

The 6-foot-3-inch, 185-pound Posa “portrayed himself as a licensed stock broker,” then took the investors money over the course of four years, beginning in 2008 and continuing while he was behind bars in Hackensack, Molinelli told CLIFFVIEW PILOT.

Posa essentially “pulled a Madoff,” producing bogus documents that made it appear the Illinois investor — a former client of his — was doing well by him, a source with knowledge of the case told CLIFFVIEW PILOT.

Posa is back in the Bergen County lockup, this time on $125,000 combined bail: Charges include violating probation from the previous incident.

Both women were reluctant to have Posa move into their little apartment on Prospect Avenue, a ranking officer with knowledge of the case told CLIFFVIEW PILOT.

“He hounded them,” the source said. “He kept calling and asking, ‘Can I move in with you?”

He did, and it wasn’t long before his sister, Paula Posa, confronted Vincent over a debt.

She later told police that he threw $40 at her and pushed her into a wall on Jan. 11.

Maria Posa said she tried to break up her children when Vincent knocked her down, breaking her arm.

Paula Posa then got a steak knife from the kitchen and slashed her brother with it, the source told CLIFFVIEW PILOT.

She later said she was defending herself.

By the time it was all sorted out, Vincent Posa was in the county lockup, Paula Posa was released on a summons and Maria Posa was having her arm set at Hackensack University Medical Center.

A little more than four months later, Vincent Posa was released. Maria and 29-year-old Paula Posa, both of whom gave detailed statements to police, were long gone.






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