While small businesses across the state struggled to get government loans to stay open during the coronavirus pandemic, a Secaucus teen and a Clifton man were given $ 10,000 in loans to businesses they made, the say Authorities.
Adam Rodriguez, 22, and Madison Sedell, 19, of Secaucus, applied for three small business administration loans for fictional businesses, from agribusiness to marketing companies, said Secaucus police chief Dennis Miller. And while legitimate business owners were turned down, Rodriguez and Sedell were approved.
Rodriguez also forged a check from Clean Eats, LLC for $ 1,900 while he, Sedell, and Jadyn Brower, a 19-year-old from Secaucus, conspired to launder the money by dividing some of the money through various Online cash applications, Miller said.
All three were arrested on Tuesday. Rodriguez has been charged with forgery, money laundering, triple file forgery, theft by fraud, double criminal attempt at theft by fraud, and conspiracy to steal by fraud. Sedell and Brower were each charged with conspiracy to steal through fraud and money laundering.
“I applaud Detective Aniello Schaffer for his determination to investigate what was originally received as a lead on our lead and bring these three defendants to justice,” Miller said. “It is very unfortunate that even during a pandemic, criminals can find a way to commit nefarious acts.”
Miller also commended the Newark Division of Homeland Security Investigations for helping with the investigation.
Tips can be submitted by phone at 201-330-2049, by email at [email protected], or anonymously via the department’s website at www.secaucuspolice.org.