New Jersey Real Estate Operator Pleads Guilty to Fraud
A New Jersey man has pleaded guilty to a securities fraud scheme that netted $50 million from more than 200 investors. This week, in Newark federal court, David Connolly admitted he defrauded victims by misusing their cash and misrepresenting the performance of their investments. All this resulted in a $9 million loss. He also pleaded guilty to money laundering, says an FBI press release