FAKE ‘NEPHEW’ INDICTED IN $750K SCAM

A man of indeterminate age and address has been indicted for allegedly scamming an elderly Red Bank woman out of $750,000 by pretending to be her nephew, Monmouth County Prosecutor Peter Warshaw announced Monday.

James J. James J. Demitro, also known Anthony Tatalia, was charged by a county grand jury with second-degree theft by deception, including a scheme to acquire the woman’s home for just $1.

The victim, who has dementia, had lived in the home since 1925, Warshaw’s office said in a prepared statement. Read More »

M’TOWN COPS MAKE RX FRAUD ARREST

By DUSTIN RACIOPPImiddletown-pd

Middletown police busted a Keansburg man late last month for allegedly submitting a false prescription for 120 Oxycodone pills at a pharmacy in the Navesink section of town.

The investigation also yielded forgery and receiving stolen property charges, police said.

More reports, unedited, appear below.

Read More »

FAIR HAVEN SENIOR SCAMMED FOR $14K

By DUSTIN RACIOPPI authorities3

A Fair Haven senior citizen was bilked out of $14,000 recently by a person pretending to be his or her grandson, police said.

Police were alerted to the scam Thursday, when a senior said that a person identifying himself as a grandson made five phone calls over three days claiming he was in need of help.

Read More »

BOOKKEEPER MUST COUNT TO FIVE

hot-topic right[Update: This case was ordered expunged by Judge Honora O’Brien Kilgallen on June 6, 2019.]

Bookkeeper Rebecca Cirillo was sentenced to five years in state prison last Friday for ripping off a Red Bank business of more than $400,000, the Monmouth County Prosecutor‘s office announced Friday.

The 34-year-old Atlantic Highlands resident was also ordered by a Superior Court judge in Freehold to reimburse the publishing and advertising firm Ansorge Unlimited to the tune of $291,000.

Read More »

TITLE COMPANY EXEC GETS 12 YEARS IN JAIL

just_in1The owner of a Red Bank real estate title company is heading to state prison for a dozen years for stealing $3.8 million of client funds to fund personal investments, according to an announcement by the state Attorney General.

Read More »

DENTIST & WIFE NOT GUILTY IN FRAUD CASE

A Red Bank dentist and his office-manager wife were acquitted earlier this week of all charges in a Medicaid fraud case, the Asbury Park Press reports.

After a four-week trial, a jury in state Superior Court in Freehold found dentist Marc Weber not guilty of all four counts that remained against him following an 11-count indictment a year ago, the Press reports. Weber’s wife, Jennifer Barbers, was acquitted on all five counts left against her.

Weber’s Broad Street dental practice, Weber Dental Associates, was also acquitted of all charges, which included health care claims fraud. Barbers alone faced charges of identity theft and theft by deception.

Read More »

ANSORGE BOOKKEEPER ADMITS FRAUD

hot-topic right[Update: This case was ordered expunged by Judge Honora O’Brien Kilgallen on June 6, 2019.]

A former employee of Red Bank-based Ansorge Unlimited pleaded guilty Thursday to defrauding the advertising and publishing firm of $403,000, the Monmouth County Prosecutor announced today.

As part of a plea bargain, Rebecca Cirillo, 34, of Atlantic Highlands, admitted embezzling the funds from the publisher of Red Bank Red Hot magazine over the course of more than two years. She also pleaded guilty filing a fraudulent tax return.

Prosecutors are asking that Cirillo get five years in prison when sentenced in January by Monmouth County Superior Court Judge Richard W. English.

Read More »

M’TOWN MAN CHARGED WITH CHECK FRAUD

call-in-the-authoritiesA Middletown man was arrested yesterday on check-kiting charges that authorities say defrauded a Shrewsbury bank branch of nearly $93,000.

Sandy Masselli, 48, was held on $100,000 bail and ordered to surrender his passport as a condition of being released, according to the Monmouth County Prosecutor’s office, which announced the arrest Thursday afternoon.

Read More »

ADMITTED SCAMMER GETS SEVEN YEARS

hot-topic rightForty-one-year-old financial advisor Stephen Severio of Fair Haven was sentenced to seven years in prison Friday after admitting that he defrauded clients out of more than $700,000, the Asbury Park Press reports.

Many of the 34 clients Severio admitting bilking were elderly, according to the Monmouth County Prosecutor’s office, which handled the case.

According to the Press, Severio’s lawyer, Mitchell Ansell:

described Severio as a gambling addict and otherwise law-abiding citizen who lost his career and family, and ultimately all the money, due to his addiction.”What fuels him is in no way an excuse for what he did,” Ansell said.

Read More »

NO TAKERS FOR TAINTED PROPERTIES

ls-texaco-060710The former Hunter’s Texaco station and the onetime home of the Wicker Rose, in background, failed to attract any bids at a bankruptcy auction Tuesday. (Click to enlarge)

Three Little Silver properties put up for auction as part of the wind-down of the massive Solomon Dwek bank fraud case failed to attract a single bid Tuesday.

The adjoining properties — a former Texaco station, the former home of the Wicker Rose furniture store and a small house, all at the juncture of Willow Drive and Sycamore Avenue — have significant underground contamination issues resulting from fuel leakage from the filling station and other sources.

The absence of bids was “not exactly what we were looking for,” said Ray Smith, of Stafford Smith Realty, which managed the auction on behalf of a court-appointed bankruptcy trustee. “But in light of the environmental conditions there, it’s not a big surprise.”

Read More »

FAIR HAVEN BROKER COPS TO $700K SCAM

authorities2aA stockbroker from Fair Haven is looking at seven years in prison under the terms of a plea deal he accepted yesterday for pocketing nearly $700,000 he swindled from 31 clients, the Monmouth County Prosecutor announced yesterday.

Here’s the text of a press release from the office of Prosecutor Luis Valentin:

On February 16, 2010, Stephen Severio, 40, of Fair Haven, N.J., appeared in Monmouth County Superior Court and pled guilty to criminal charges contained in two indictments and one accusation. The charges relate to thefts Severio committed against his clients while he was employed as a financial advisor for Merrill Lynch.

Read More »

LOCAL MEN FACE PRISON FOR PRISON SCAM

call-in-the-authoritiesA Red Bank man appears headed into the state prison system he admitted scamming out of $153,000, the New Jersey Attorney General‘s office announced yesterday.

Mark Stermer, 43, pleaded guilty Tuesday before state Superior Court Judge Ira E. Kreizman in Freehold to making false representations in connection with state contracts awarded by another man identified as a Red Banker, former state Department of Corrections administrator Gerald T. Kennedy.

Kennedy, also of Red Bank,  pleaded guilty last month to orchestrating a wide-ranging bid rigging and kickback scheme that steered some $630,000 in state business to friends.

Stermer, 43, and his company, SteelGrey  LLC, each pleaded guilty to a second-degree charge of making false representations for government contracts.

Read More »

MONEY MAN ADMITS TO STATE FRAUD CHARGES

authorities3One day after he pleaded guilty to federal charges arising from an $8 million investment scam, Fair Haven resident Maxwell Smith was in state court Wednesday, owning up to more allegations.

The 69-year-old former financial adviser at Cantone Research in Tinton Falls faces up to 15 years on the state charges when he’s sentenced on March 5, according to an announcement from the office of Attorney General AnnE Milgram.

He faces a 20-year sentence on related federal charges, to which he pleaded guilty on Tuesday, and is scheduled for sentencing in that case on February 26. Under a “global resolution” worked out between prosecutors and Smith’s lawer, the sentences will be served concurrently.

Read More »

FAIR HAVEN MAN ADMITS $8 MILLION SCAM

authorities2aMaxwell Smith, a 69-year-old financial advisor and Fair Haven resident, pleaded guilty to fraud charges yesterday, admitting he stole at least $8 million from clients.

He faces up to 20 years in prison when sentenced by U.S. District Judge Mary L. Cooper in Trenton on February 26. Meantime, he’s free on $1 million bail, according to a press release issued by the U.S. Attorney’s office in Newark.

Smith, who worked at Cantone Research in Tinton Falls until last April, admitted to Cooper that he set up a phony investment fund that purportedly had $300 million under management as a means of attracting investments from clients.

Read More »

MERRILL BROKER INDICTED FOR FRAUD

authorities2bA former broker at the Red Bank office of Merrill Lynch was indicted by a Monmouth County grand jury yesterday on charges that he swindled $500,000 from more than two dozen clients.

Forty-year-old Steven Severio of Fair Haven is alleged to have persuaded  investors to cash out of some holdings and roll over the proceeds into new investments, for which he promised returns to 15 to 20 percent, according to a statment issued by Monmouth County Prosecutor Luis Valentin.

Instead, Severio desposited the funds into his own account, without making any investments. In some cases, he cashed the checks at a local check-cashing service, Valentin said.

Read More »