News and Press Releases

Lake hiawatha, new jersey man sentenced to 71 months in prison for impersonating an international law firm and financial institution in a wire fraud scheme

August 30, 2011


TRENTON, N.J. – Vlade Stojchevski of Lake Hiawatha, New Jersey, was sentenced today to 71 months in prison in connection with a multi-faceted wire fraud scheme in which he impersonated an international law firm and a financial institution, U.S. Attorney Paul J. Fishman announced.

Stojchevski, 41, previously entered his guilty plea to a one-count Information before U.S. District Chief Judge Garrett Brown, Jr. on June 29, 2010. Judge Brown also imposed the sentence today in Trenton federal court.

According to documents filed in this case and statements made in court:

The victim of the wire fraud scheme first provided money to the defendant in approximately 1998 or 1999, which Stojchevski told the victim was invested in Russian securities. In 2007-2009, Stojchevski solicited additional investments from the victim using several different ruses.

Stojchevski admitted during his plea allocution on June 29, 2010 that he had induced the victim to invest hundreds of thousands of dollars with him by falsely telling him that liens and debts had been placed on his Russian investment. Stojchevski then falsely told the victim that he had hired an international law firm headquartered in New York and having an office in Moscow, Russia (identified in the Information as “D&L”), to help recover the victim’s investment. In order to further this ruse, Stojchevski opened a New Jersey bank account in D&L’s name, using a false New Jersey Certificate of Incorporation for D&L.

After opening the account in D&L’s name, Stojchevski created false documents, including letterhead and correspondence purportedly from D&L, written to the victim. As further part of his scheme, Stojchevski created and sent to the victim false documents from Alfa Bank, a privately owned Russian bank. As a result of Stojchevski’s false representations, the victim provided checks to D&L which Stojchevski used for his own benefit.

During the sentencing hearing, Judge Brown cited Stojchevski’s poor adjustment to supervision as a reason for his sentence. Specifically, Judge Brown noted that while on bail awaiting sentencing, Stojchevski was arrested for assaulting his Court-appointed third-party custodian, and falsely represented to a potential employer that he had worked for the United States Department of Defense.

In addition to the term of imprisonment, Judge Brown imposed four years of supervised release and ordered Stojchevski to pay $635,000 in restitution to the victim.

U.S. Attorney Fishman credited Special Agents of the Federal Bureau of Investigation, Franklin Township Resident Agency, under the direction of Special Agent in Charge Michael B. Ward of the Newark, New Jersey Field Office, with the investigation leading to today’s sentence.

The case is being prosecuted by Assistant U.S. Attorney Joseph Mack of the U.S. Attorney’s Office Health Care and Government Fraud Unit.


Defense counsel: Patrick Joyce, Esq.

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