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Bankruptcy Fraud

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OFF THE MARKET: Teresa & Joe Giudice's North Jersey Mansion May Finally Have A Buyer OFF THE MARKET: Teresa & Joe Giudice's North Jersey Mansion May Finally Have A Buyer
OFF THE Market: Teresa & Joe Giudice's North Jersey Mansion May Finally Have A Buyer Joe and Teresa Giudice's North Jersey mansion may finally have a buyer after months on the market. An offer was made Monday for the 10,000-square-foot home in the Towaco section of Montville, which is under contract, the New York Post reports. Joe and Teresa, who recently finalized their divorce, purchased the Indian Lane home in 2002 for $530,000. The couple raised their children in the home until they were convicted and jailed in 2014 for bankruptcy fraud and other related charges. The home was originally listed at $2.5 million, but he price was slashed last January to just under $2.25…

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by Cecilia Levine
News
Ex-Mamajuana Café Co-Owner From Bergen Admits Bankruptcy Fraud Ex-Mamajuana Café Co-Owner From Bergen Admits Bankruptcy Fraud
Ex-Mamajuana Café Co-Owner From Bergen Admits Bankruptcy Fraud UPDATE: A Bergen County businessman who once co-owned the popular Mamajuana Café chain admitted in federal court that he concealed assets from a bankruptcy trustee. An investigation by the NYPD and New York City-based Homeland Security agents led to charges against Victor Osorio, 53, of Cresskill, who helped spark the Dominican restaurant chain's expansion to Paterson, East Rutherford, Secaucus, West New York and Woodbridge, as well as to New York and Florida. Osorio, a Dominican native who also co-owned a separate restaurant in Pennsylvania, filed for Chapter 7 relief in U.S. District Cour…

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by Jerry DeMarco
Police & Fire
Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud
Bayonne Businessman Sentenced To Fed Pen In Tax, Bankruptcy Fraud A Bayonne businessman man who used check-cashing businesses to hide hundreds of thousands in income he earned from his construction companies was sentenced to 18 months in federal prison on Wednesday. Patrick Franconeri, 57, must serve all of the plea-bargained sentence for tax evasion and bankruptcy fraud because there’s no parole in the federal prison system. Franconeri failed to file a tax return or request an extension for 2014 after earning taxable income of $1,362,950, on which he owed the IRS $558,439 in payments, U.S. Attorney Craig Carpenito said. He earned the money as the owner …

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by Jerry DeMarco