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Monmouth prosecutor announces charges against Freehold resident

A Freehold resident has been charged with stealing approximately $1.1 million from
five individuals through the use of fraudulent stock purchases and promissory notes,
Monmouth County Prosecutor Christopher J. Gramiccioni announced.

According to a press release from the Monmouth County Prosecutor’s Office, Anthony Giordano stole approximately $1.1 million between January 2015 and July 2018 from five people through the use of fraudulent stock purchase agreements and promissory notes.

Giordano allegedly used the funds for his own personal benefit. He was charged with second degree theft by deception and second degree misconduct by a corporate official.  Giordano turned himself in to the Freehold Township Police Department on Dec. 3, according to Gramiccioni.

According to the press release, an investigation revealed Giordano obtained funds from five individuals who believed they were buying shares in or loaning money to his various companies (Nue Trition Weight Management, Nue Pens LV, Nue Pens FL, Nue Resource Financial and Nue Resource Funding).

Giordano allegedly made those people believe the companies were, or were going to be, successful, but he made no significant attempt to make the companies operational.

Despite requests from the five individuals to Giordano to provide financial documentation demonstrating the value of the companies, he failed to do so, thereby hiding the fact the businesses had little value, according to the prosecutor’s office.

Several of the companies, including Nue Trition Weight Management, Nu Pens LV and Nue Pens FL, had little to no business activity despite having received hundreds of thousands of dollars from the victims.

Instead of using the individuals’ investments to fund his companies, Giordano used those assets to pay for personal expenses such as travel, entertainment, gas, dry cleaning, a gym membership, restaurants and monthly car payments, according to the prosecutor.

The five individuals received no return on their investments from Giordano, according to the press release. If convicted, Giordano faces up to 10 years in state prison on each charge.

Anyone with additional information regarding this case is asked to contact Monmouth County Prosecutor’s Office Detective William Kelliher at 800-533-7443.

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