Overcast 45°
Tag:

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…

SHARE

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…

SHARE

by Sam Barron
Police & Fire
Thief Withdrew $9K After Stealing Senior's Wallet At Central Jersey ShopRite, Police Say Thief Withdrew $9K After Stealing Senior's Wallet At Central Jersey ShopRite, Police Say
Thief Withdrew $9K After Stealing Senior's Wallet At Central Jersey ShopRite, Police Say Howell police were looking for a man suspected of stealing an elderly person's wallet and withdrawing about $9,000 from their bank account, authorities said. The suspect was believed to have taken the wallet at the ShopRite supermarket on Route 9, the Howell Township Police Department said in a Facebook post. The man then went to a bank and used the victim's personal information to withdraw about $9,000 in cash. According to surveillance photos, the suspect appeared to go to a Bank of America location. A timestamp said the pictures were taken at around 11:53 a.m. on Satu…

SHARE

by Chris Spiker
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…

SHARE

by Sam Barron