A Freehold man has been indicted for pilfering roughly $1 million from victims through fraudulent stock purchases and promissory notes, Acting Monmouth County Prosecutor Lori Linskey announced on Tuesday.
Anthony Giordano, 43, was indicted on Monday on the following charges stemming from thefts from five victims that occurred between July of 2015 and April of 2018: two counts of first-degree financial facilitation of criminal activity, second-degree theft by deception, and second-degree misconduct by a corporate official.
Giordano faces up to 20 years in state prison on these first-degree charges.
The case background …
An investigation revealed that Giordano obtained funds from the victims based on their belief that they were buying shares in or loaning money to his various companies, including Nue Trition Weight Management, Nue Pens LV, Nue Pens FL, Nue Resource Financial, and Nue Resource Funding. Giordano made the victims believe the companies were (or were going to be) successful, but made no significant attempt to get them operational.
Despite requests by the victims to Giordano to provide financial documentation demonstrating the value of the companies, he also failed to do so, hiding the fact that the businesses had little value.
Instead of using the victims’ investments to fund his companies, Giordano used the funds to pay for personal expenses such as travel, entertainment, gas, dry cleaning, a gym membership, restaurants, and monthly car payments. The victims received no return on their investments.
If anyone has additional information regarding this case, please contact Monmouth County Prosecutor’s Office Detective William Kelliher at 800-533-7443.
— Edited press release from the Monmouth County Prosecutor’s Office