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Office of Securities Fraud and Financial Crimes Prosecutions

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Newton Man Gets 5 Years For Pocketing $1.2 Million In Stolen Funds Via E-mail Scheme: AG Newton Man Gets 5 Years For Pocketing $1.2 Million In Stolen Funds Via E-mail Scheme: AG
Newton Man Gets 5 Years For Pocketing $1.2 Million In Stolen Funds Via E-mail Scheme: AG A 64-year-old Newton man who admitted to aiding an international business email compromise scheme was sentenced to five years in state prison on Friday, Dec. 6, authorities said. Robert Herburger received over $1.2 million in stolen funds between November 2017 and July 2018, according to Attorney General Matthew Platkin and the Office of Securities Fraud and Financial Crimes Prosecutions. Herburger set up fake businesses and opened bank accounts to launder funds stolen through the BEC schemes, Platkin said. These scams often involve fraudulent emails designed to trick employees into sending…

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by Sam Barron
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
NJ Italian Restaurant Owner, 75, Faces Prison For Pocketing $500,000 In State Sales Taxes NJ Italian Restaurant Owner, 75, Faces Prison For Pocketing $500,000 In State Sales Taxes
NJ Italian Restaurant Owner, 75, Faces Prison For Pocketing $500,000 In State Sales Taxes The 75-year-old owner-operator of a New Jersey Italian restaurant faces up to three years in prison after admitting he stiffed the state out of nearly a half-million dollars in sales taxes over a period of nearly seven years. John Garofalo Sr. of Union Township – who owns Mario’s Tutto Bene restaurant in the township -- paid the outstanding $496,374.99 to the state as part of a plea deal that he hopes will get him leniency, New Jersey Attorney General Matthew Platkin said. His assistants will recommend that Superior Court Judge Sherry L. Wilson send Garofalo to state prison for three years …

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by Jerry DeMarco