 |
Homeowner ran Ponzi scheme. |
Finally resolved two years after the state's complaint was filed, the mastermind of the scheme lived in the today's Hidden Plainfield home (with apologies to Edgar Allen Poe -- for his short story The Fall of the House of Usher, see here). The settlement required payment of more than $7.2 million to the scammed investors, plus $1 million in civil penalties to the state.
I'll not say more now, to avoid tipping my hand. All will be revealed tomorrow.
Let's just say that the proceeds of the scheme evidently were never invested in THIS house.
Posts
5 comments:
Dan,
Looks to be the quaint Victorian house in the 1200 block of Watchung Ave. Long ago, it was the residence of Andy Griglak and family. Andy and his wife ran a lamp shop on Somerset St. across from Teppers. His Daughter's boyfriend was shot dead in a phone booth on the corner of E. Seventh St., and Scott Pl. (robbery attempt). That was probably around 1974. The Griglaks moved out after that.
Bill Garrett
Corner of Madison and Stelle? Or Old Arlington Ave?
I know the house well. It is on Watchung Avenue. Nary a bit of yard work ever seemed to be done.
Watchung Avenue
Watchung Avenue, up toward Woodland.
Post a Comment