Freehold Man Charged In Theft Of Over $1M Stocks, Notes: MCPO

FREEHOLD, NJ - A Freehold man was charged this week with stealing approximately $1.1 million from victims through the use of fraudulent stock purchases and promissory notes, according to authorities.

Anthony Giordano of Freehold stole approximately $1,100,000 between January of 2015
and July of 2018 from five victims through use of fraudulent stock purchase agreements and
promissory notes, using the funds for his own personal benefit, the Monmouth County Prosecutor’s Office said Friday.

Giordano was charged with second degree theft by deception and second degree misconduct by a corporate official. He turned himself in to the Freehold Township Police Department on Dec. 3, according to the prosecutor's office.

An investigation found that Giordano obtained funds from the victims on their belief that
they were buying shares in or loaning money to his various companies to include Nue Trition
Weight Management, Nue Pens LV, Nue Pens FL, Nue Resource Financial, and Nue Resource
Funding.

“Giordano made the victims believe the companies were, or were going to be,
successful, but he made no significant attempt to make the companies operational,” the prosecutor’s office said in a news release. “Despite requests by the victims to Giordano to provide financial documentation demonstrating the value of the companies, he failed to do so, thereby hiding the fact that the businesses had little value.”

While having received hundreds of thousands of dollars from Giordano’s clients, several of the companies (including Nue Trition Weight Management, Nu Pens LV and Nue Pens FL) reportedly had little to no business activity. Instead of using the victims’ money to fund the companies, Giordano used the investments to pay for personal expenses like travel, entertainment, gas, dry cleaning, a gym membership, restaurants and monthly car payments, the prosecutor’s office said.

The victims have yet to receive a return on their investments from Giordano.

Anyone with additional information regarding the case is asked to contact Monmouth County
Prosecutor’s Office Det. William Kelliher at (800) 533-7443.