NJ man allegedly dupes six people out of $500,000 April 7, 2009Posted by jefhenningeresq in News.
Tags: Crime, Fraud, Law, New Jersey, News, theft by deception
The Ocean County Prosecutor’s Office has charged Thomas A. Marchetti of Manahawkin with 2nd degree theft by deception. He is alleged to have convinced six people that he could make purchases at an auction limited to people with military identification. However, no auction is alleged to have actually existed. All told, the six alleged victims are out over $500,000.
I’ve been in these cases and I’ve found that they fit a certain pattern. First, I’m sure there was some contact between authorities and Marchetti before the arrest. Quite often, the suspect actually makes things worse for themselves if they don’t get an attorney. One approach is to ignore it and another is to make up more lies. It is unclear if either scenario occurred here.
Second, drugs is a common motive behind most crimes but when we are talking about large numbers like this, drugs are rarely the issue. A long term scam can be a means to finance a high profile lifestyle but a short term scam, is usually fueled by gambling addiction and/or gambling debt.
Regardless, I would guess the money is long gone. Hardly anyone steals money to invest. Of course, that assumes the allegations are true. The lack of ability to pay back the victims presents a problem because any plea offer will include restitution. Hope this guy saved some money for a good attorney. He’ll need it.
Story is here.