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Financial Crimes and Public Corruption Unit

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Investor Stole $175K From 10 Jersey Shore Clients: Prosecutor Investor Stole $175K From 10 Jersey Shore Clients: Prosecutor
Investor Stole $175K From 10 Jersey Shore Clients: Prosecutor A 60-year-old man from Monmouth County has been arrested for stealing more than $175,000 from 10 clients who had entrusted him to invest large sums of their money, authorities said. Jeffrey Loretta, of Manalapan, is charged with second-degree theft and 10 counts of  misapplication of entrusted property, according to Acting Monmouth County Prosecutor Lori Linskey An investigation by the Prosecutor’s Office’s Financial Crimes and Public Corruption Unit revealed that the 10 alleged victims gave Loretta a combined total of slightly more than half a million dollars …

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by Jon Craig