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NJ Broker Bought Private Jet, Luxury Caribbean Vacation In $3.4M Insider Trading Scheme: Feds
A former partner at a New Jersey broker-dealer firm was accused of insider trading, making more than $3 million in illegal profits, authorities said.
Christopher Matthaei, 44, of Brielle, was arraigned in federal court on Wednesday, July 17, New Jersey's U.S. Attorney Philip Sellinger said in a news release. A federal grand jury indicted him on Friday, June 21 for two counts of securities fraud conspiracy and seven counts of securities fraud.
According to court documents and statements, Matthaei was a partner and senior salesperson at a trading firm based in Charlotte, North Carol…
Final Defendant In Trenton Police Car Firebombing Gets 27 Months In Fed Pen
UPDATE: A Trenton man who threw a makeshift Molotov cocktail into a city police vehicle following a protest was sentenced to 27 months in federal prison.
Kadeem A. Dockery, 31, is the last of four defendants sentenced in U.S. District Court in connection with the May 31, 2020 protest in Trenton.
Video captured by surveillance cameras and personal cellphones helped authorities identify Dockery, who was arrested a little over two months later, and Killian F Melecio, 22, of Columbus, NJ.
Rather than face trial, Dockery took a deal from the government, pleading guilty in May 2021 to attemptin…
Grandparent Scam: Here’s How Pair From PA, NY Stole $300,000 From Elderly Victims Across US
At least 50 elderly victims across the United States were conned out of more than $300,000 by a ring of grandparent scammers who included a Pennsylvania woman and New York City man who confessed in federal court.
Jacqueline Velazquez, 37, of Reading, and Daniel Duran, 33, of Queens played key roles in the phone and email-based scheme, Acting U.S. Attorney Jennifer Arbittier Williams said.
Here’s how it worked, Williams said:
Co-schemers based in the Dominican Republic called elderly victims throughout the U.S. Posing as a grandchild, or the grandchild’s attorney, they claimed they’d been j…
Jersey Shore Con Man, 73, Gets Three Years, Son Probation For $4M Insurance Scam
A 73-year-old Asbury Park man was sentenced to three years in state prison while his son got probation for an insurance scam that netted them $4 million, authorities said.
Frank Pescatore, 73, and his son, former life insurance agent Evan Pescatore, 38, of Highlands finagled 18 policies with a combined face value of $61.5 million from eight insurance companies by paying the premiums, state Attorney General Gurbir S. Grewal said Wednesday.
The process of providing applicants and insureds with a no-cost inducement to apply for life insurance policies by paying their premiums is known as “reba…
