“Shadow” CEO of NJ Developer Sentenced in Ponzi Scheme - The …

2 days ago · New Jersey developer Thomas Salzano received 12 years in prison for his role in defrauding investors of $658 million. ... “Shadow” CEO of NJ developer pleads guilty to Ponzi scheme.

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“Shadow” CEO Of NJ Developer Sentenced In Ponzi Scheme - The …

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2 days ago · New Jersey developer Thomas Salzano received 12 years in prison for his role in defrauding investors of $658 million. ... “Shadow” CEO of NJ developer pleads guilty to Ponzi scheme.

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Leader Of Real Estate Investment Firm Admits Role In $658 Million …

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Feb 27, 2024 · NEWARK, N.J. – The shadow chief executive officer of National Realty Investment Advisors LLC (NRIA) today admitted orchestrating a scheme to defraud more than 2,000 …

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12 Years In Prison For Secaucus Man Who Ran $658M Ponzi …

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Prior: Nick Salzano Of Secaucus Pleads Guilty In $658 Million Ponzi Scheme (Feb. 28, 2024) The article 12 Years In Prison For Secaucus Man Who Ran $658M Ponzi Scheme appeared first …

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N.J. Ponzi Schemer Who ‘trampled’ On Clients’ Trust Will Spend 12 …

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4 days ago · The shadow chief executive officer of a Hudson County-based real estate investment firm who admitted earlier this year that he orchestrated a $658 million Ponzi scheme that …

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Ex-exec Who Feds Say Told ‘lie After Lie’ Pleads Guilty In ... - Nj.com

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Feb 28, 2024 · A top executive of a defunct real estate investment company has admitted to running a Ponzi scheme that duped investors out of $658 million. Thomas Nicholas Salzano, …

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Investment Firm Stole $658 Million In A Ponzi Scheme Targeting ...

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4 days ago · Using celebrity endorsers like Bill O'Reilly and buying ads targeting conservatives and immigrants, a New Jersey real-estate investment company promised huge returns but …

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Former Real Estate Executive Pleads Guilty In $658 Million Ponzi

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T he boss of a defunct New Jersey-based development firm has pleaded guilty to securities fraud and conspiracy charges in a $658 million Ponzi scheme that advertised market-beating …

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Chief Of NJ Fund Pleads Guilty Over $658 Million Ponzi Scheme

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Feb 28, 2024 · The leader of a New Jersey real estate development company pleaded guilty to a $658 million scheme to defraud more than 2,000 investors and evade millions of dollars in …

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Nick Salzano Of Secaucus Pleads Guilty In $658-Million Ponzi …

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The feds say from 2018 through 2022, Salzano, Grabato and Scuttaro sold memberships in their real estate investment fund to investors across the country, including 380 investors in New …

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New Jersey Real Estate Developer Pleads Guilty To $658 Million …

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Feb 28, 2024 · The chief executive of a New Jersey-based real estate development company, Thomas Nicholas Salzano, has pleaded guilty to orchestrating a massive $658 million Ponzi …

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Feds: NJ Developers Ran $650M Ponzi Scam, Sales Boss Admits Role

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Oct 14, 2022 · Federal prosecutors have accused two North Jersey developers of running a $650 million Ponzi scheme that cheated roughly 2,000 investors — as well as scheming to dodge …

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Real Estate Executive Admits Role In What Prosecutors Call A $658 ...

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Feb 29, 2024 · An executive who federal prosecutors said was the shadow CEO of a New Jersey real estate firm, which lured investors with a nationwide marketing campaign that included …

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FAQs about “Shadow” CEO of NJ Developer Sentenced in Ponzi Scheme - The … Coupon?

Did a New Jersey developer's Boss plead guilty to a Ponzi scheme?

T he boss of a defunct New Jersey-based development firm has pleaded guilty to securities fraud and conspiracy charges in a $658 million Ponzi scheme that advertised market-beating investment returns for what were barely profitable real estate ventures, federal prosecutors said. ...

Did a New Jersey real estate developer defraud investors?

The leader of a New Jersey real estate development company pleaded guilty to a $658 million scheme to defraud more than 2,000 investors and evade millions of dollars in taxes, federal prosecutors said. ...

Did a defunct real estate investment company run a Ponzi scheme?

A top executive of a defunct real estate investment company has admitted to running a Ponzi scheme that duped investors out of $658 million. ...

How did Salzano steal money from investors?

“For years, Salzano told lie after lie to investors, continuously deceived them, and operated his business as a Ponzi scheme, through which he stole money from thousands of investors,” Sellinger said. ...

How did Alzano defraud investors?

“Salzano not only victimized thousands of investors, but he also defrauded honest taxpayers by concealing his income from the IRS and evading his tax liability to the tune of millions of dollars,” IRS – Criminal Investigation Special Agent in Charge Harry T. Chavis Jr., Boston Field Office, said. ...

Did Salzano & grabato defraud investors?

From February 2018 through January 2022, Salzano and Grabato defrauded investors and potential investors of NRIA Partners Portfolio Fund I LLC, a real estate fund operated by NRIA, of $650 million through lies, deception, misleading statements, and material omissions. ...