FREEHOLD – A Freehold man is facing charges for stealing approximately $1.1 million from victims through fraudulent stock purchases and promissory notes, according to an announcement by Monmouth County Prosecutor Christopher J. Gramiccioni.
Anthony Giordano is accused of stealing approximately $1,100,000.00 between January of 2015 and July of 2018 from five victims through use of fraudulent stock purchase agreements and promissory notes.
He allegedly used the funds for his own personal gain and was charged with second degree theft by deception and second-degree misconduct by a corporate official. Giordano surrendered himself before the Freehold Township Police Department on December 3.
Giordano obtained funds from the victims on their belief that they were buying shares in or loaning money to his various companies to include Nue Trition Weight Management, Nue Pens LV, Nue Pens FL, Nue Resource Financial, and Nue Resource Funding.
An investigation revealed that Giordano made the victims believe the companies were, or were going to be, successful, but he made no significant attempt to make the companies operational. Despite requests by the victims for him to provide financial documentation demonstrating the value of the companies, he failed to do so.
Giordano hid the fact that the businesses had little value and several of the companies including Nue Trition Weight Management, Nu Pens LV and Nue Pens FL, had little to no business activity despite having received hundreds of thousands of dollars from the victims.
Giordano used the investment funds from his victims to pay for his personal expenses such as travel, gas, entertainment, dry cleaning, gym memberships, restaurants and monthly car payments nstead of using the money to fund his companies.
The victims received no return on their investments from Giordano. Giordano faces up to 10 years in a New Jersey state prison on each charge if convicted. This case is being prosecuted by Monmouth County Assistant Prosecutor Lawrence H. Nelsen.
Monmouth county Prosecutor’s Office Detective William Kelliher is asking anyone who may have additional information concerning this case to call him at 800-533-7443.
Those who feel the need to be anonymous, but have information regarding a crime can submit a tip to Monmouth County Crime Stoppers by calling their confidential tip-line at 1-800-671-4400; by downloading and using the free P3 Tips mobile app (available on iOS and Android – p3tips.com/1182), or call 800-671-4400. They can also visit monmouthcountycrimestoppers.com