Tag:

Financial Crime

Five From NJ Admit Pocketing $1.3M In Aircraft Equipment Scam Five From NJ Admit Pocketing $1.3M In Aircraft Equipment Scam
Five From NJ Admit Pocketing $1.3M In Aircraft Equipment Scam A crew of con artists from New Jersey admitted swindling more than $1.3 million from hundreds of businesses nationwide and abroad that thought they were buying specialized aviation equipment. The head of the operation, Antonio P. Signo, 36, of Somerset – aka "Tony Demetro" – had been the first to take a deal from prosecutors rather than face the potential consequences of a trial. The onetime fugitive pleaded guilty last August -- with no public notice from authorities – to a single count of theft by deception, New Jersey Attorney General Matthew J. Platkin revealed on Thursday, May 25. The…
Ex-Hudson Sheriff's Officer Admits $98,000 Short-Sale Mortgage Scheme For Jersey Shore Home Ex-Hudson Sheriff's Officer Admits $98,000 Short-Sale Mortgage Scheme For Jersey Shore Home
Ex-Hudson Sheriff's Officer Admits $98,000 Short-Sale Mortgage Scheme For Jersey Shore Home A former Hudson County sheriff’s officer admitted defrauding a bank to duck $98,000 in mortgage payments on a Jersey Shore home, federal authorities said. Osbado Hernandez, 54, of Avenel, conspired with others to lie about a bogus short sale of his house in Keansburg so that the unidentified bank would discharge what was left on his mortgage, U.S. Attorney Philip R. Sellinger said. Hernandez bought the property for $239,900 in 2006, financing it through a mortgage loan from the victimized bank, a complaint on file in U.S. District Court in Trenton says. He ended up behind on the payments,…
PA Man Stole $867K From South Jersey Employer, Spent It On Sports Gambling, Cars: Prosecutor PA Man Stole $867K From South Jersey Employer, Spent It On Sports Gambling, Cars: Prosecutor
PA Man Stole $867K From South Jersey Employer, Spent It On Sports Gambling, Cars: Prosecutor A Bucks County, PA, man has been charged with stealing more than $866,000 from his Willingboro-based employer, authorities said. Brian Myslinski, 31, of Levittown, PA, surrendered Tuesday, Jan. 17 at the Prosecutor’s Office in Mount Holly, said Burlington County Prosecutor LaChia L. Bradshaw. The investigation revealed that Myslinski used more than $120,000 of the proceeds from the illegal sales to cover sports gambling debts, and also spent $50,000 on a 1974 Dodge Charger classic car, $20,000 on another vehicle, funded a vacation to Jamaica, and bought Gucci and Louis Vuitton han…