Franklin Lakes businessman jailed for $450,000 in unpaid child support after arrest at AC casino

EXCLUSIVE REPORT: A day trader from Franklin Lakes was taken into custody at the Borgata in Atlantic City yesterday on a warrant charging him with owing $450,000 in child support.

Photo Credit: *Courtesy BERGEN COUNTY SHERIFF*

Jerry DeMarco

05/21/2015 6:15 p.m.

Frank Michael Cerisano, 46, remained held in the Bergen County Jail this morning pending a court hearing.

The New Jersey State Police Casino Unit took Cerisano into custody before turning him over to Bergen County sheriff’s officers.

He was carrying $9,527, they told CLIFFVIEW PILOT.

According to the New York Post, Cerisano recently lost $22.7 million in futures trading on an error by a discount brokerage firm (SEE: Incorrect date costs broker nearly $23M in liabilities).

Records show that he was required to pay $51,000 a month in support for his daughter.

MUGSHOT: Courtesy BERGEN COUNTY SHERIFF

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