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Tag: George Bussanich, Jr.
Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme
It seemed state and federal prosecutors had thrown all they could at a Bergen County father and son for a series of multi-million-dollar investment scams. But state authorities announced a new indictment against both men on Monday, Nov. 6.
This time, George Bussanich, Sr., 65, of Park Ridge, and George Bussanich, Jr., 43, of Upper Saddle River, are charged with defrauding investors and mortgage lenders out of more than $2.5 million through a “fix and flip” investment scam involving Jersey Shore real estate.
Victims believed they were funding the purchase, renovation, and resale of four…
Father-Son Investment Scammers From Bergen Get State Prison Time Tacked Onto Federal Sentences
Having been sentenced to federal time, two members of a Bergen County family of con artists received state prison terms Friday in Hackensack for defrauding investors in back-to-back multi-million dollar scams.
George Bussanich Sr., 61, of Park Ridge, was sentenced to 10 years in state prison, while George Bussanich Jr., 40, of Saddle River, was sentenced to eight years in state prison.
Bussanich Sr.’s wife, Wilma Bussanich, 58, was sentenced Friday to five years of probation and 125 hours of community service for a previous guilty plea to money laundering.
Last March, George Bussanich Sr. …