Evan Kochav seen in a frame from a promotional video for Marcus Evans. (Click to enlarge)
A financial consultant said to be have been based in Red Bank was indicted Tuesday on charges he stole more than $560,000 from investors.
The indictment of 33-year-old Jersey City resident Evan Kochav, handed down by a grand jury in Trenton on Tuesday, comes five months after the state Bureau of Securities slapped Kochav and his firm with a $2 million civil fine for defrauding investors.
A financial consultant said to be have been based in Red Bank was fined $2 million after he defrauded investors and spent $100,000 of their funds on online gambling, football tickets, casino hotel rooms, dining, shopping and travel, law enforcement authorities announced Friday.
Evan Korchav, of Jersey City, and his firm, White Cedar Group, were also barred by the state Bureau of Securities from doing finance-related business in New Jersey acting state Attorney General John Hoffman said.