The president and a top officer of a Secaucus-bases real estate investment company have been charged for their roles in a scheme to defraud more than 2,000 investors in a $650 million Ponzi scheme and conspiring to evade $26 million in tax liabilities, U.S. Attorney Philip R. Sellinger said Thursday.
Also Thursday, a third National Realty Investment Advisors LLC employee pleaded guilty to conspiracy to commit securities fraud in the same scheme. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: