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new Jersey man charged in fraud on family trust

FOR IMMEDIATE RELEASE
December 5, 2013

 

Gregory Fresta, 45, of Cherry Hill, NJ, was charged today by Indictment with mail fraud in connection with a scheme to defraud a family trust, announced United States Attorney Zane David Memeger.  A $1 million testamentary trust was established in a Will created by Fresta’s father for the benefit of Fresta’s younger brother who was a minor at the time of the father’s death.  According to the indictment, Fresta used the United States mail in furtherance of the fraud scheme to send multiple requests for funds from the trust under the guise that the funds were going to be used for the benefit of the trust beneficiary. Upon receiving the money, the defendant used the funds for his own personal use. 

If convicted, Fresta faces a maximum possible sentence of 280 years of imprisonment, a fine of $3.5 million, a special assessment of $1,400 and 3 years of supervised release.

The case was investigated by the Federal Bureau of Investigation and is being prosecuted by Assistant United States Attorney Floyd J. Miller.

 


An Indictment or Information is an accusation.  A defendant is presumed innocent unless and until proven guilty.

UNITED STATES ATTORNEY'S OFFICE, EASTERN DISTRICTof PENNSYLVANIA
Suite 1250, 615 Chestnut Street, Philadelphia, PA 19106
PATTY HARTMAN, Media Contact, 215-861-8525

 

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