Bergen County NJ Suspects Accused of Bribery, Money Laundering
Two Bergen County men are among four suspects who have been indicted on federal fraud charges out of NY.
A grand jury handed down the indictments in the US District Court for the Southern District of NY. According to prosecutors, the suspects violated the U.S. Foreign Corrupt Practices Act when they attempted to push through the sale of a high-rise building in Vietnam for $800 million.
The four suspects are charged with very serious violations of the federal statute. Additionally, three of the suspects are charged with money laundering, wire fraud, and aggravated identity theft.
The two New Jersey suspects include a 38-year-old resident of Tenafly and a 35-year-old resident of Edgewater. The other two suspects are from New York and South Korea, respectively.
The Tenafly NJ suspect reportedly worked with his dad, the South Korean man, and made numerous attempts to bribe a foreign official in order to secure approval of the building sale. The Tenafly man stood to make millions of dollars because he was a real estate broker.
The Edgewater New Jersey suspect is accused of providing the bribe money.
At this time, only the Bergen County suspects have been placed under arrest. The South Korean suspect and the New York suspect are still at large.
For additional information about this case, read the NJ.com article, “2 N.J. Men Charged in $2.5M Bribery Scheme.”