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Middlesex County Man Ran $1 Million Bogus Sugar Investment Scheme: Feds Middlesex County Man Ran $1 Million Bogus Sugar Investment Scheme: Feds
Middlesex County Man Ran $1 Million Bogus Sugar Investment Scheme: Feds A 64-year-old Middlesex County man admitted on Thursday, Jan. 23, to defrauding people in South Korea via a bogus investment scheme involving sugar, authorities said. Mohammed Rahman, an Iselin resident, ran Caltech Trading Corporation, through which he purported to buy and sell commodities, Acting U.S. Attorney Vikas Khanna said. Rahman and other individuals in South Korea persuaded approximately 60 victims there to invest funds purportedly towards the purchase of $1 million of sugar from Brazil, which Caltech would then sell for a substantial profit, Khanna said.  Rahman and his…

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by Sam Barron
Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

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by Chris Spiker
Police & Fire
Officer From Somerset Arrested For Falsifying Public Records, Prosecutor Says Officer From Somerset Arrested For Falsifying Public Records, Prosecutor Says
Officer From Somerset Arrested For Falsifying Public Records, Prosecutor Says A police officer in Warren County has been charged with falsifying public records following an investigation by the Warren County Prosecutor’s Office and the Greenwich Township Police Department, authorities announced. Greenwich Township Officer Tyler S. Roller, 30, of Somerset, was arrested on Thursday, Dec. 19, after an investigation found he entered the names of two individuals into the police department's records management system in connection with incidents they were not involved in, Acting Chief Assistant Prosecutor Kevin R. Brotzman said. Roller faces one count of falsifyi…

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by Cecilia Levine
Police & Fire
North Jersey Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say North Jersey Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say
North Jersey Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say An executive from North Brunswick admitted to sharing secret soda formulas with his company's competitors, authorities said. Andrew Blum, 63, pleaded guilty on Tuesday, Nov. 12 to conspiracy to possess stolen trade secrets and possession of stolen trade secrets, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Blum was the vice president of product development for an unnamed North Jersey-based maker of oil products and proprietary flavors from 2013 until Wednesday, Dec. 12, 2018. The parent corporation of Blum's company was one of the world’s largest produc…

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by Chris Spiker
Police & Fire
Central Jersey Man Sexually Assaulted Two Children, Uploaded Pics On Dark Web: Feds Central Jersey Man Sexually Assaulted Two Children, Uploaded Pics On Dark Web: Feds
Central Jersey Man Sexually Assaulted Two Children, Uploaded Pics On Dark Web: Feds A Plainsboro man was accused of sexually assaulting two children and uploading pictures of the abuse on the dark web, authorities said. Anthony Lagotta Jr., 54, was charged with one count each of production and possession of child pornography, New Jersey's U.S. Attorney Philip Sellinger said in a news release on Tuesday, Aug. 20. He appeared in front of a federal judge and was detained. According to court documents and statements, Lagotta sexually assaulted two children and took photos of what happened about 15 years ago. He then uploaded 30 of the pictures to a child po…

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by Chris Spiker
News
Greedy Employee Manipulates Payroll To Steal $1.2M From Bergen County Company, Prosecutor Says Greedy Employee Manipulates Payroll To Steal $1.2M From Bergen County Company, Prosecutor Says
Greedy Employee Manipulates Payroll To Steal $1.2M From Bergen County Company, Prosecutor Says A Somerset County man is facing theft charges after manipulating his employer's payroll and employee reimbursement systems to steal $1.2 million over the course of several years, authorities in Bergen County said. Sang Park, 44, of Belle Mead used various internal payroll and expense systems to steal the $1.2 million from a Ridgefield Park company between 2018 and 2022, Bergen County Prosecutor Mark Musella said. The alleged thefts came to light in December 2023, when they were reported to Ridgefield Park police, who notified the prosecutor's office's financial crimes unit, Musella sai…

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by Cecilia Levine