Skip to main content
Updated:
Original:

New Jersey dealer indicted on theft charges

A New Jersey boat dealer was named in a 16-count indictment alleging he stole more than $128,000 from 14 people in fraudulent deals between June 2006 and May 2008.

An Ocean County grand jury last week handed up the indictment charging Todd Grossman, owner of Anchor Outboards, with 14 counts of theft and two counts of issuing bad checks, the Asbury Park Press reports.

According to the indictment, Grossman is alleged to have sold boats for clients without turning over the proceeds to them, and taken money from people purchasing boats without giving them valid titles because he never paid the purchase price to the rightful owners.

Grossman was initially arrested in June and posted $5,000 bail, according to court documents. He posted another $100,000 bail in November after subsequent claimants came forward.

Click here for the full article.

Related

Volvo Penta to Power Offshore Wind Farm Transfer Vessels

The Swedish company will provide quad IPS systems for crew-and-equipment transfer vessels being built by American Offshore Services.

ePropulsion Secures B+ Series Funding

The China-based company will use the investment — equal to tens of millions of U.S. dollars — to advance research and development in e-power technology innovations.

Discover Boating Moves Forward

The joint NMMA and MRAA effort reveals a new logo and its rebranding of the Miami International Boat Show.

The Outdoor Recreation Boom Continues

Bombardier Recreational Products saw revenue jump 28 percent to $4.2 billion for the year, but dipping in its fiscal Q3 due to supply chain constraints.

A Steady Decline

Demand remains strong, but supply-chain logjams continue to weaken boat registration numbers.

Heimensen Named MarineMax Marketing VP

The yacht retailer announced it has promoted its longtime marketing director Abbey Heimensen.

C.G. Foundation Launches GivingTuesday Matching Challenge

The Coast Guard Foundation is launching a matching gift in which Geico Military will triple all donations received by midnight tonight.