Four individuals, including three residents of Bergen County, New Jersey, face fraud crime charges after allegedly defrauding investors in different medical investment schemes.
According to the New Jersey Attorney General’s Office, the suspects stole roughly $350,000 from victims who were hoping to invest in medical facilities.
Three suspects allegedly got away with $250K from a doctor who mistakenly believed that he was investing in a legitimate surgical center.
Two of the suspects were also allegedly behind a scheme to defraud a married couple out of $100,000 in connection with a blood-testing lab. According to Bergen County prosecutors, the suspects told the victims that they were the co-owners of the laboratory. However, although one of the suspects worked in the lab, neither suspect actually had an ownership stake.
Police first became aware of the alleged fraud schemes while investigating a different fraud scheme involving a father and son hailing from Bergen County, NJ. That scheme allegedly involved the theft of roughly $3 million from 15 investors.
Three of the suspects in this case are from Wyckoff, Ridgewood, and Park Ridge, respectively, while the fourth suspect resides in New York.
One suspect was charged with first degree money laundering and racketeering. The other suspects were charged with second degree money laundering, theft by deception and conspiracy.
After the suspects were placed under arrest, New Jersey Acting Attorney General Robert Lougy issued a statement and called the suspects “really nothing but hustlers and con artists.”
For more information about this case, view the NJ.com article, “4 Charged with Stealing $350K in Bogus Medical Scheme.”