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Real Estate Fraud

Police & Fire
Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme Bergen Dad, Son Busted Again, This Time In $2.5M Jersey Shore ‘Fix-and-Flip’ Scheme
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…

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by Jerry DeMarco
Police & Fire
Jersey Shore Woman Bought $840K Home With Fake Documents: Prosecutor Jersey Shore Woman Bought $840K Home With Fake Documents: Prosecutor
Jersey Shore Woman Bought $840K Home With Fake Documents: Prosecutor A 32-year-old woman from Monmouth County bought a $840,000 home using bogus documents, authorities said. Sydne Phillips, of Allentown, was charged with two counts of theft by deception,  impersonation and two counts of forgery, according to Burlington County Prosecutor LaChia L. Bradshaw. She provided fraudulent documents to obtain a mortgage and attempted to use a fraudulent $76,000 check to cover the closing costs of the real estate transaction, Bradshaw said. She was taken into custody June 1 and held in the Atlantic County Justice Facility in Mays Landing pending a detention …

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by Jon Craig
News
Central Jersey Man Swindled $1.6M From Business Partner In Bogus Land Deals, Prosecutor Says Central Jersey Man Swindled $1.6M From Business Partner In Bogus Land Deals, Prosecutor Says
Central Jersey Man Swindled $1.6M From Business Partner In Bogus Land Deals, Prosecutor Says A 54-year-old man from Monmouth County is accused of swindling a former business partner out of $1.57 million, authorities said. Anthony Steward of Wall Township has been charged with second-degree misconduct by a corporate official and second-degree theft by deception. according to Acting Monmouth County Prosecutor Lori Linskey The charges were the result of an investigation by members of the Prosecutor’s Office that was initiated in May. The victim reported the alleged thefts: three separate incidents between October 2019 and July 2021, Linskey said. In eac…

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by Jon Craig
Business
Disbarred Attorney Stole $71K Downpayment On Central Jersey Home, Prosecutor Says Disbarred Attorney Stole $71K Downpayment On Central Jersey Home, Prosecutor Says
Disbarred Attorney Stole $71K Downpayment On Central Jersey Home, Prosecutor Says A former attorney from Monmouth County is accused of stealing $71,000 in client funds during a Middlesex County home sale, authorities said. Bert T. Lundberg, 56, of Freehold Township appeared at his first virtual court appearance Friday on a complaint charging him with misapplication of entrusted property and theft by failure to make required disposition of property received, according to Middlesex County Prosecutor Yolanda Ciccone. Lundberg, whose practice was in Old Bridge Township, has been charged in the theft of client funds during a home sale in Middlesex County last N…

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by Jon Craig