New Jersey men accused in boat-sales fraud scheme - Trade Only Today

New Jersey men accused in boat-sales fraud scheme

Two New Jersey men were indicted Saturday and accused of committing fraud through their boat sales business.
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Two New Jersey men were indicted Saturday and accused of committing fraud through their boat sales business.

Atlantic County grand jurors handed down a 34-count indictment against Andrew Biddle, 45, of Egg Harbor Township, and Tracy Blumenstein, 49, of Northfield, alleging conspiracy and the theft by deception of more than $75,000 in cash and property in connection with a series of fraudulent transactions they allegedly committed through their business, Professional Boat Sales LLC.

Between 2012 and 2014, the two allegedly committed numerous crimes, including conspiracy, passing bad checks and engaging in deceptive practices through their business, according to Shore News Today.

Both men were previously charged and indicted on several of the individual cases reported to police. This comprehensive set of indictments supersedes earlier grand jury actions, the Atlantic County Prosecutor’s Office told the newspaper.

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