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TRENTON
- Attorney General Paula T. Dow and Criminal
Justice Director Stephen J. Taylor, announced
that a Somerset County man has been indicted
for allegedly stealing nearly $100,000 and
issuing a bad check.
According
to Acting Insurance Fraud Prosecutor Riza
Dagli, Stephen Locrotondo, 51, of Bridgewater,
was indicted yesterday (Dec. 22) by a Union
County grand jury on charges of second-degree
theft by deception and second-degree issuing
bad checks.
The
indictment alleges that between Oct. 14
and Oct. 27, 2006, Locrotondo stole $100,000
from a friend by giving her the false impression
that he would invest the $100,000 on her
behalf and would provide a “good return”
on her investment within two weeks. The
indictment further alleges that Locrotondo
subsequently wrote his friend a personal
check in the amount of $100,000, knowing
that there were not enough funds in his
bank account. At the same time, Loctrondo
wrote the woman a check for $8,000. The
woman received payment on the $8,000 check,
for which there were adequate funds, but
it is alleged that she never received any
other payment from Locrotondo.
Detective
Earl Washington and Deputy Attorney General
Dennis Kwasnik were assigned to the investigation.
Deputy Attorney General Kwasnik presented
the case to the grand jury.
The
indictment is merely an accusation and the
defendant is presumed innocent until proven
guilty. Second-degree crimes carry a maximum
sentence of 10 years in state prison and
a criminal fine of $150,000.
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