Ocean County developer charged with money laundering February 23, 2012Posted by jefhenninger in News.
Tags: money laundering
Ocean County Money Laundering Lawyers
David Haugland, 39, of Manahawkin is charged with financial facilitation of criminal activity, also known as money laundering, two counts of theft and one count of attempted theft in addition to three counts of issuing bad checks. The State alleges that Haugland induced people to invest in his projects based upon certain false representations, including that he represented himself to be the record of owner or had authority to act on behalf of the owner of three properties located on Long Beach Island. The State further alleges that he induced the investors to give him money to finance the construction of new homes on these parcels, yet neither he nor his company, or any entity controlled by him, ever owned or had authority over the properties in question. As a result, the State alleges that investors lost over $1.1 million.
article is here.