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Mark J. Pesce

Police & Fire
Diamond District Operators From NJ, Long Island Busted In $673M Money Laundering Scheme: Feds Diamond District Operators From NJ, Long Island Busted In $673M Money Laundering Scheme: Feds
Diamond District Operators From NJ, Long Island Busted In $673M Money Laundering Scheme: Feds Four businessmen from New Jersey and one from Long Island laundered millions of dollars a day in cash through fronts they set up in New York City’s Diamond District, federal authorities charged. Federal agents tied the quintet to $673 million in dirty money laundered through the illicit operations over the past four years, U.S. Attorney for New Jersey Philip R. Sellinger said. In exchange, Raj Vaidya, 26; Rakesh Vaidya, 51; Shrey Vaidya, 23; and Neel Patel, 26, all of Edison; and Youssef Janfar, aka “Joe Rodeo,” 57, of Great Neck, NY collected sizable fees, he said. The three Vaidyas and P…

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by Jerry DeMarco
News
Passaic County Man Convicted Of $80,000 Back-To-Back Bank Robberies Passaic County Man Convicted Of $80,000 Back-To-Back Bank Robberies
Passaic County Man Convicted Of $80,000 Back-To-Back Bank Robberies A Passaic County man was convicted by a federal jury of robbing two area banks just weeks apart. Jurors found Jose Soto, 52, of Passaic guilty of robbing a PNC branch in Passaic of $35,000 and a Valley National Bank in Little Falls of $45,000 following a six-day trial in U.S. District Court in Newark. They also convicted Soto of conspiring with a Paterson man to commit the holdups and brandishing a firearm. Soto pointed a silver and black gun at customers and employees at the Main Street Valley National branch in Little Falls on Feb. 27, 2020, authorities said. His accomplice, Nicholas Or…

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by Jerry DeMarco