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Justice News

Department of Justice
U.S. Attorney’s Office
District of New Jersey

FOR IMMEDIATE RELEASE
Tuesday, November 28, 2017

New York Woman Admits Fraud In Investment Scheme

NEWARK, N.J. – A New York woman today admitted running an investment scheme that defrauded victims of hundreds of thousands of dollars, Acting U.S. Attorney William E. Fitzpatrick announced.

Alisa Adler, 57, of New York, pleaded guilty before U.S. District Judge Claire C. Cecchi in Newark federal court to an information charging her with two counts of wire fraud.

According to documents filed Information:

From January 2009 through August 2014, Adler took loans and investments from multiple victims and told them that their money would be used for certain specified investments through her company, ASG Real Estate Services Group Inc. To induce potential victim investors to give her money, Adler provided them with promotional materials and other documents, and told them that their money would be repaid within a certain amount of time. Adler did not use the majority of invested funds for the specific real estate investments she had presented to the investors. Instead, she used it to, among other things, repay prior investors and pay her own personal expenses.

Each count of wire fraud carries a maximum potential penalty of 20 years in prison and a $250,000 fine, or twice the amount of the loss caused by the offense.

Acting U.S. Attorney Fitzpatrick credited special agents with the FBI, under the direction of Special Agent in Charge Timothy Gallagher in Newark, with the investigation leading to today’s guilty plea.

The government is represented by Assistant U.S. Attorney Zach Intrater of the U.S. Attorney’s Office Criminal Division in Newark.

Defense counsel: Jacob Laufer Esq., New York

Component(s): 
Press Release Number: 
17-442
Updated November 28, 2017