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From AC Press:
Estell Manor man indicted in boat-sales scheme
By MADELAINE VITALE Staff Writer, (609) 272-7218
Published: Sunday, November 6, 2005
Updated: Sunday, November 6, 2005
MAYS LANDING-An Atlantic County grand jury has indicted an Estell Manor man in connection with a fraud scheme that netted him $200,000 in sales of boats, Atlantic County Prosecutor Jeffrey S. Blitz said Friday.
Gregory J. Thompson, 45, of Honest John Road, is charged with several counts of theft, motor vehicle title offenses, criminal simulation and writing a bad check.
Authorities believe that between June 2002 and June 2005, Thompson acted as a boat broker buying and selling boats. Three boat owners hired him to sell their vessels - one for $105,000; the others for $32,000 and $37,144.
Assistant Prosecutor Diane Ruberton presented the case to the grand jury Wednesday, Blitz said.
Thompson did sell the boats. However, he kept the money he collected from the buyers, Blitz said. Thompson also did not satisfy outstanding liens against the boats for the sellers, and the buyers never received the titles, Blitz said.
Kenneth Kimberly hired Thompson to sell a fourth boat. Thompson, trading as Margate Marine, issued a $28,969 check. But the check bounced, Blitz said.
Thompson also gave the buyers fraudulent temporary boat registrations, the prosecutor said.
The Atlantic County Prosecutor's Financial Crimes Unit conducted the investigation.
A theft of more than $75,000 is a second-degree crime. If convicted, Thompson faces five to 10 years in prison.
To e-mail Madelaine Vitale at The Press:
[email protected]
Estell Manor man indicted in boat-sales scheme
By MADELAINE VITALE Staff Writer, (609) 272-7218
Published: Sunday, November 6, 2005
Updated: Sunday, November 6, 2005
MAYS LANDING-An Atlantic County grand jury has indicted an Estell Manor man in connection with a fraud scheme that netted him $200,000 in sales of boats, Atlantic County Prosecutor Jeffrey S. Blitz said Friday.
Gregory J. Thompson, 45, of Honest John Road, is charged with several counts of theft, motor vehicle title offenses, criminal simulation and writing a bad check.
Authorities believe that between June 2002 and June 2005, Thompson acted as a boat broker buying and selling boats. Three boat owners hired him to sell their vessels - one for $105,000; the others for $32,000 and $37,144.
Assistant Prosecutor Diane Ruberton presented the case to the grand jury Wednesday, Blitz said.
Thompson did sell the boats. However, he kept the money he collected from the buyers, Blitz said. Thompson also did not satisfy outstanding liens against the boats for the sellers, and the buyers never received the titles, Blitz said.
Kenneth Kimberly hired Thompson to sell a fourth boat. Thompson, trading as Margate Marine, issued a $28,969 check. But the check bounced, Blitz said.
Thompson also gave the buyers fraudulent temporary boat registrations, the prosecutor said.
The Atlantic County Prosecutor's Financial Crimes Unit conducted the investigation.
A theft of more than $75,000 is a second-degree crime. If convicted, Thompson faces five to 10 years in prison.
To e-mail Madelaine Vitale at The Press:
[email protected]
