Friday - March 29, 2024
Federal Tipoffs Involving New Jersey Newsletter for Sunday March 21, 2021 ( 11 items )  

Acting N.J. U.S. Attorney: Bergen County Man Admits Decade-Long $80 Million Fraud Scheme
NEWARK, New Jersey, March 19 -- The Acting U.S. Attorney for the District of New Jersey, Rachael A. Honig, issued the following news release: A Bergen County, New Jersey, man today admitted orchestrating a long-running bank and securities fraud scheme, which led to large-scale losses for financial institutions and investors, Acting U.S. Attorney Rachael A. Honig announced. Seth Levine, 52, of Teaneck, New Jersey, pleaded guilty by videoconference before U.S. District Judge Madeline Cox Arleo t  more

Acting N.J. U.S. Attorney: Former Chief Investment Officer Admits Bank Fraud Relating To $91.5 Million Commercial Loan
NEWARK, New Jersey, March 17 -- The Acting U.S. Attorney for the District of New Jersey, Rachael A. Honig, issued the following news release on March 16, 2021: A former chief investment officer of a medical property management company pled guilty today to a bank fraud conspiracy involving a $91.5 million commercial mortgage loan, Acting U.S. Attorney Rachael A. Honig announced. Barton Schack, 65, of Ringwood, New Jersey, was charged by information with one count of conspiracy to commit bank fr  more

Acting N.J. U.S. Attorney: Sussex County Man Charged With $1.9 Million Paycheck Protection Program Fraud Scheme
NEWARK, New Jersey, March 19 -- The Acting U.S. Attorney for the District of New Jersey, Rachael A. Honig, issued the following news release on March 18, 2021: A Sussex County, New Jersey, man was charged for his role in fraudulently obtaining federal Paycheck Protection Program (PPP) loans totaling $1.9 million, Acting U.S. Attorney Rachael A. Honig announced. John Jhong, 51, of Sparta, New Jersey, is charged by complaint with one count of bank fraud, one count of false representation of a So  more

BLS Issues Report on Average Energy Prices in New York-Newark-Jersey City Area for February 2021
NEW YORK, March 16 -- The U.S. Department of Labor's Bureau of Labor Statistics - New York-New Jersey Regional Information Office issued the following report on March 15, 2021, entitled "Average Energy Prices, New York-Newark-Jersey City - February 2021": Gasoline prices averaged $2.612 per gallon in the New York-Newark-Jersey City area in February 2021, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that gasoline prices were similar to last Febr  more

California Man Charged With Conspiring to Launder Proceeds of Fraud Schemes Targeting New Jersey Law Firm, SBA Loans
NEWARK, New Jersey, March 19 -- The office of the U.S. Attorney for the District of New Jersey issued the following news release: A California man has been charged with laundering money that originated from fraudulently obtained loans from the U.S. Small Business Association and from a business email compromise scheme that targeted a law firm based in New Jersey, Acting U.S. Attorney Rachael A. Honig announced. Eric Bullard, 59, of Los Angeles, California, is charged by complaint with one coun  more

Delaware River Basin Commission Says Existing Uses at F.E. Walter Should Be Protected
WEST TRENTON, New Jersey, March 19 -- The Delaware River Basin Commission issued the following news release on March 18, 2021: Kristen Bowman Kavanagh, P.E., deputy executive director of the Delaware River Basin Commission (DRBC), provided written testimony to the Pennsylvania House Majority Policy Committee reaffirming DRBC's position that the Francis E. (F.E.) Walter Dam's existing, congressionally authorized purposes of recreation and flood risk management should be protected. An ongoing stu  more

Litigation: SEC Vs. Seth P. Levine - SEC Charges Owner of Real Estate Investment Company With Defrauding Investors
WASHINGTON, March 20 -- The Securities and Exchange Commission issued the following litigation release (No. 21-civ-05719; D.N.J. filed March 18, 2021): The Securities and Exchange Commission charged a New Jersey resident with defrauding investors, most of whom were members of the Orthodox Jewish community, who invested millions based on false claims about investments in real estate. The SEC's complaint alleges that Seth P. Levine, the president and owner of Norse Holdings, LLC, a real estate i  more

Natural Resources Conservation Service: USDA Seeks Innovative Partner-Led Projects Delivering Sustainable Agricultural Solutions
WASHINGTON, March 18 -- The U.S. Department of Agriculture's Natural Resources Conservation Service New Jersey office issued the following news release on March 16, 2021: The U.S. Department of Agriculture (USDA) is seeking proposals to fund up to $75 million in new, unique projects under the Regional Conservation Partnership Program's (RCPP) Alternative Funding Arrangements (AFA) that take innovative and non-traditional approaches to conservation solutions at the local, regional and landscape   more

OSHA Cites New Jersey Frozen Dessert Manufacturer After Second Amputation Injury on Same Machine
LAKEWOOD, New Jersey, March 16 -- The U.S. Department of Labor's Occupational Safety and Health Administration issued the following news release on March 15, 2021: Despite two severe amputation injuries in 2018 and 2020 on the same machine at a Lakewood ice cream manufacturing plant, a recent federal safety and health inspection found the company continues to ignore protocols designed to prevent other workers from suffering similar injuries. A maintenance mechanic lost two fingers while repair  more

Picatinny's Extended Range Cannon Artillery Autoloader Begins Testing
PICATINNY ARSENAL, New Jersey, March 20 -- The U.S. Army Combat Capabilities Development Command issued the following news release: After a successful live-fire test of the Army's Extended Range Cannon Artillery (ERCA) limited-capacity autoloader at Yuma Proving Ground in June 2019, the Picatinny engineers who developed it have refined a faster autoloader and have succeeded in conducting its initial trials here, December 15-22. Development of the ERCA autoloader capability is notable because i  more

SEC Charges Owner of Real Estate Investment Company With Defrauding Investors
WASHINGTON, March 19 -- The Securities and Exchange Commission issued the following news release on March 18, 2021: The Securities and Exchange Commission today charged a New Jersey resident with defrauding investors, most of whom were members of the Orthodox Jewish community, who invested millions based on false claims about investments in real estate. The SEC's complaint alleges that Seth P. Levine, the president and owner of Norse Holdings, LLC, a real estate investment and management compa  more