NORRISTOWN — A New Jersey man was sent to prison and has a hefty restitution bill for defrauding a King of Prussia woman, his former romantic partner, of more than $180,000 under the guise that he would invest the money to earn her a profit.
William Colon Valencia, 57, of Hackensack, N.J., was sentenced in Montgomery County Court to 5-to-20-years in a state correctional institution, to be followed by 20 years of probation, in connection with the fraud and theft that occurred between March 2021 and February 2023.
During a one-day trial in August, a jury convicted Valencia of multiple felony charges of theft by deception and receiving stolen property in connection with the fraud scheme…