Skip to content

A town square for an unsquare town

redbankgreen

Standing for the vitality of Red Bank, its community, and the fun we have together.


Our community pillars help us carry out our 100-Year Vision

Check it out

Health and Wellness

Red Bank YMCA

At the heart of the Red Bank community since 1874, our Red Bank Family YMCA is here to support health and well-being for all. We’re a special place where people of all ages, interests and backgrounds gather to grow in spirit, mind and body.

Learn More
organization-banner
organization-banner

FRAUD BY LINCROFT ADVISOR ALLEGED

A Jackson Township woman who ran a Lincroft investment advisory firm has been indicted on charges she bilked clients out of $641,000.

Call_in_the_authorities

Zina Martin, 43, was the sole owner and president of Kairos Financial, whose address is given as 331 Newman Springs Road in a press release from the office of New Jersey Attorney General Anne Millgram.

The indictment alleges Martin solicited the money from about 25 investors through marketing for six investment funds called the “Kairos Funds,” which turned out to be fictitious. She also issued monthly statements informing investors of the amounts they purportedly held in each of the funds, the state alleges.

In reality, the nvestor monies were commingled in a brokerage account of Kairos Financial. Martin allegedly used funds from that account for personal expenses, including mortgage payments, monthly living expenses and the purchase of a Cadillac Escalade, the indictment alleges.

“This defendant distributed an offering brochure and monthly investor account statements to convince clients they had invested their hard-earned money securely,” said Attorney General Milgram. “In reality, we charge that the Kairos Funds were nothing more than a ploy by Ms. Martin to steal from investors, prop up her dubious business and bankroll a lifestyle she otherwise could not afford.”

The case was investigated by the New Jersey Bureau of Securities. The indictment was handed up in state Superior Court in Mercer County, but the matter is being transferred to Ocean County for prosecution.

The Star-Ledger reported last month that Martin and Kairos had each filed for chapter 7 bankruptcy protection. The prior report said Kairos used to be known as the Whirlwind Investment Club, and had just $650 in assets versus nearly $475,000 in debts, including loans to the fund by Zina and Dion Martin totalling $305,000.

The website of Mack-Cali Realty shows 331 Newman Springs Road is an office building dubbed One River Center near Parkway exit 109 in Lincroft.

Email this story

Remember: Nothing makes a Red Bank business owner happier than to hear "I saw your ad on Red Bank Green!"
Partyline
HEARTY FAREWELL FOR HARDY
RED BANK: Council to honor DPU supervisor Rich Hardy, who retired recently after almost 39 years of keeping things running.
HOMEBOUND? READ ON…
RED BANK: Can't get to the public library? It's now offering free delivery and pickups for homebound borough residents.
TAMING A BEAST OF A WEEK
RED BANK: After the second snowfall of the week, a borough family finds the perfect use for it – a Godzilla snow sculpture.
RED BANK: LIBRARY CLOSED, BUT THE HILL’S OPEN
RED BANK: Though the library was closed by a snowstorm, kids got to enjoy the riverfront property's steep slope Tuesday.
LIGHT(HOUSE) MAKEOVER
This year, getting ready for spring means a midwinter makeover for Strollo's Lighthouse in Red Bank.
TODAY: LOCAL PUPPY COMPETES ON ANIMAL PLANET’S “PUPPY BOWL”
Red Bank’s very own rescue puppy, Biscuit, is set to compete in Animal Planet’s Puppy Bowl this Sunday, February 11, at 2 PM. Th ...
WHAT? NO redbankgreen NEWSLETTER?
Apologies to redbankgreen newsletter subscribers: the daily email hasn’t gone out for two days because of technical issues.
RED BANK: TIRED OF SKEETERS?
RED BANK: Tired of mosquito bites every summer? Monmouth County has a free program to help eliminate skeeter breeding grounds.
SEA BRIGHT: POLAR PLUNGE FOR ST. JAMES, OTHERS
Hundreds braved the wind and sea on Sunday at 1PM in support of St. James Elementary School, and other Catholic schools in the area. The eve ...
RED BANK: RBR CLAIMS TITLE
RED BANK: Watch pure joy as the RBR boys basketball team celebrates its first B North championship in 17 years.
RED BANK: FORGET-IT FRIDAY
RED BANK: Train Station can be a lonely place Friday mornings, especially with cold rain in the forecast.
RED BANK: CROONING YOUR LOVE
RED BANK: Imagine a quartet of impeccably dressed gentlemen showing up at your beloved's workplace, singing of your love.
RED BANK: BLACK RIVER ROLLS ON
RED BANK: A 68-year-old rail freight engine can still be counted on to draw a trainspotting fan or two when it rolls through town.
RED BANK: ‘MONDAY SWEAT’ MEETS
RED BANK: Joined by the Hazlet Running Club, members of the Red Bank Run Club met for their "Monday Sweat" at Count Basie Field.
RED BANK: CARD SALE BOOSTS GYM DRIVE
RED BANK: Charter School Foundation offers student-deisgned Valentines cards to help raise funds for a gymnasium.
RED BANK: LOVE IS IN THE… WINDOW
RED BANK: Up next: Valentine's Day, and Partyline finds the Red Bank Chocolate Shoppe getting ready for a surge of love and craving.
CLOSING THE BOOK ON A GREAT CAREER
The Red Bank mayor and council honored with a resolution Linda Hewitt (in red) on her retirement from the Red Bank Public Library at Thursda ...
RED BANK: RAIL COMMUTER’S VIEW
A commuter's view of the Route 35 Cooper's Bridge over the Navesink River, as seen from North Jersey Coast Line train 3320 out of Red Bank F ...
RED BANK: PROMISING PROMS
RED BANK: Prom season approaches, and Lunch Break once again steps up with its 8th annual Prom Giveaway of donated dresses.
RED BANK: DOWN BY THE RIVER
RED BANK: Partyline contributor Karly Swaim captured a gloomy mood in Riverside Gardens Park Wednesday evening.