Freehold Man Stole $1M From Supposed Investors: Prosecutor

Freehold NJ

28 September, 2021

11:09 AM

Description

FREEHOLD, NJ — A Freehold man was indicted on Monday and accused of stealing close to $1,000,000 from five people through fraudulent stock purchases and promissory notes, according to Acting Monmouth County Prosecutor Lori Linskey. Anthony Giordano, 43, was charged with two counts of first-degree financial facilitation of criminal activity, second-degree theft by deception and second-degree misconduct by a corporate official. The thefts took place between July 2015 and April 2018, Linskey said. An investigation found that Giordano got the money from the victims by telling them they were investing in his many companies, including Nue Trition Weight Management, Nue Pens LV, Nue Pens FL, Nue Resource Financial and Nue Resource Funding. Giordano got them to buy shares and loan money but instead of using those funds to grow the businesses, he spent them on personal expenses such as travel, entertainment, gas, dry cleaning, a gym membership, restaurants and monthly car payments, Linskey said. The victims never got any returns on their investments. According to Linskey, Giordano also failed to show them documents that proved the value of the companies after they asked to see them, hiding the fact that the companies had little value. If found guilty, Giordano faces up to 20 years in state prison. The Prosecutor's Office is asking anyone with information on this case to contact Det. William Kelliher at 800-533-7443.