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Bergen County Man Defrauds Childhood Friend Out Of $84K In Investment Scam: AG
A Bergen County man and his associate are accused of scamming a childhood friend into liquidating her retirement account to fund a software venture, then misusing the money for personal expenses, the New Jersey Attorney General’s Office announced.
Michael Lakshin of Fair Lawn and Edward "Eddie" Aizman of Brooklyn, NY, along with their company Bowmo, Inc., face a civil enforcement action for defrauding at least one New Jersey investor, according to a complaint filed by the New Jersey Bureau of Securities on Friday, Nov. 22.
Lakshin, leveraging a childhood connection, persuaded the investor t…
Passaic County Adviser Conned Investors Out Of $471,602, State Authorities Charge
An investment adviser from Passaic County stole $471,602 from two dozen investors he recruited for an unregulated commodities trading group, state authorities charged.
The business he the Think Big Institute was failing when Scott Nicholson, 53, of North Haledon, began to “misappropriate investor monies by withdrawing existing investment monies and new investments for his personal benefit,” state Attorney General Gurbir S. Grewal said.
Over the course of five years, Nicholson transferred $373,823 in investment money to his personal checking account and paid $271,129 worth of personal expens…
Hoboken Man Ripped Off $750K From Bar Investors, AG Says
Nirav Patel raised hundreds of thousands of dollars that he said he would invest in opening a Hoboken beer palace. Instead, authorities say, the 39-year-old city resident spent the money on himself and other, unrelated expenses, according to an indictment announced Thursday by Attorney General Gurbir S. Grewal.
Patel, who was indicted Wednesday on a charge of theft by deception, began raising money to open World of Beer Hoboken in 2014. He received $750,000 for the venture from an investment group, according to investigators from the state Division of Criminal Justice.
An investor himself,…
