N.J. Ponzi schemer who ‘trampled’ on clients’ trust will spend 12 years in prison

The shadow chief executive officer of a Hudson County-based real estate investment firm who admitted earlier this year that he orchestrated a $658 million Ponzi scheme that defrauded more than 2,000 investors was sentenced Tuesday to 12 years in prison, federal prosecutors said. In February, Thomas Nicholas Salzano, 66, of…

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