Island Heights man admits defrauding investors in 3 counties

Full story: Asbury Park Press Online

A 40-year-old Island Heights man admitted today he laundered $18 million in a Ponzi scheme that bilked 36 investors, primarily in Ocean and Monmouth counties, out of more than $6 million.

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beachouse

Woodbridge, NJ

the investors who made money on this ponzi bull, should give to the people who lost all there investments. How can they profit from stolen money, cause thats what they took.

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