A Hudson County man admitted last week that he took over $1 million from investors and kept the money for himself, federal prosecutors said.
Antonio “Anthony” Petrosino, 60, of Union City, pleaded guilty on March 25 to one count of wire fraud, the U.S. Attorney’s Office District of New Jersey announced Monday.
Between January 2016 and November 2024, Petrosino convinced people to transfer investment funds, mortgage payments, and other funds to him by telling them he was a financial services professional, the office said in a statement. He told them he would invest their money in brokerage accounts and other investment products…