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Bank Fraud

Real Estate
NJ Mansion Seized From Chinese Billionaire Fraudster Listed At $33M NJ Mansion Seized From Chinese Billionaire Fraudster Listed At $33M
NJ Mansion Seized From Chinese Billionaire Fraudster Listed At $33M A historic Bergen County estate seized from a Chinese billionaire indicted in a $1 billion fraud scheme last year has hit the market for $33 million. View this post on Instagram A post shared by Carl Gambino (@carlgambino.realestate) The Crocker Mansion, located at 675 Ramapo Valley Road in Mahwah, spans 50,000 square feet and sits on 12.5 gated acres. Originally built in 1907, the property features 21 bedrooms, a pool house, tennis courts, and a guest house. It was declared a historic landmark by Mahwah Township due to its unique place in loc…

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by Cecilia Levine
News
North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds
North Jersey Man Helped Russia Acquire Millions In Military Equipment: Feds A 43-year-old Saddle River man admitted on Friday, Nov. 1 to helping Russia acquire sensitive electronics for its miliary and intelligent services, authorities said. Vadim Yermolenko faces up to 30 years in prison after pleading guilty to conspiracy to violate the Export Control Reform Act, conspiracy to commit bank fraud, and conspiracy to defraud the United States for his role in a transnational procurement and money laundering network that sought to acquire sensitive dual-use electronics for Russian military and intelligence services, U.S. Attorney's Office, Eastern District of New Y…

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by Sam Barron
Police & Fire
Jersey City Army Recruiter Defrauded Credit Union: Feds Jersey City Army Recruiter Defrauded Credit Union: Feds
Jersey City Army Recruiter Defrauded Credit Union: Feds A 33-year-old Jersey City army recruiter was charged in federal court in Newark on Wednesday, Sept. 11, with using her position to defraud a credit union by submitting fraudulent bank account applications on recruits' behalf, authorities said. From September 2023 to December 2023, Jane Crosby submitted “Pre-Active Duty Membership” bank account applications to a credit union on behalf of seven U.S. Army recruits or purported recruits, without their knowledge or consent., US Attorney Phillip Sellinger said. Such accounts are intended to facilitate the direct deposit of soon-to-be service…

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by Sam Barron
News
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…

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by Sam Barron
Police & Fire
Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218 Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218
Thieves Snatch Teaneck Residents' Checks From Postal Boxes, Forge Them For $240,218 A criminal crew stole checks mailed by Teaneck residents from postal boxes, then changed the amounts to more than 100 times the totals and cashed them, federal authorities said. Noah Aranzamendi, 25, of Brooklyn, and his associates used universal (or "arrow") keys to open the outdoor mailboxes, U.S. Attorney Philip R. Sellinger said. They then shared images via an encrypted message app of the checks, which were then altered, the U.S. attorney said. The four checks, which were initially written out for a total of $1,896.59, ended up fetching a whopping $240,218, he said. The crew sold the …

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by Jerry DeMarco