$1.1 million fraud scheme gets N.J Women 7 years in jail


Source: National Cyber Security – Produced By Gregory Evans

$1.1 million fraud scheme gets N.J Women 7 years in jail

SOMERVILLE — A former Morris County Investment Adviser who pleaded guilty to organizing a $1.178 million Securities and Annuities fraud scheme was sentenced to seven years in prison Monday in Somerset County Superior Court. Janet Fooshee, 63, pleaded guilty in December to 31 of 37 charges contained in a pair of indictments brought against her in 2012 and 2013. The courtroom was packed with victims. Outside the courtroom, victims declined to comment, but one joyfully person said to a group, “It was great to see her led out in handcuffs.” The case was prosecuted by the Attorney General’s Office and the Office of the Insurance Fraud Prosecutor. Fooshee was sentenced before Superior Court Judge Edward M. Coleman. Under the plea deal, Fooshee must also pay $415,000 in restitution to the victims, some of whom lived in a retirement community where she volunteered to be a bookkeeper. Her husband, Richard Fooshee, 64, an attorney, had pleaded guilty to second-degree charges of conspiracy, money laundering, and securities fraud. He was accepted in the Pre-Trial Intervention program. Janet Fooshee, also known as Janet Gurley and Janet Katz, admitted during her guilty plea to illegally taking money from more than two dozen retirees and […]

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