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Tag: Jenifer Devine

BULLETIN: Jenifer Devine, New Jersey Woman At Helm Of ‘Wholesale Fraud,’ Sentenced To 37 Months For Ponzi Scheme

Jenifer Devine, the New Jersey woman accused of presiding over a Ponzi scheme involving a purported wholesale clothing and electronics business, has been sentenced to 37 months in federal prison, federal prosecutors said. Devine, 40, of Fair Lawn, was arrested in November 2010, amid allegations she lured investors with outsize returns of up to 25…

Jan 11, 2012
BULLETIN: New Jersey Ponzi Scheme Figure Jenifer Devine Pleads Guilty To Wire Fraud; Case Was Brought By Financial Fraud Enforcement Task Force

A New Jersey woman accused of operating an $8 million Ponzi and investment-fraud scheme has pleaded guilty to wire fraud. Jenifer Devine, 39, of Fair Lawn, was accused in November 2010 of ripping off investors in a purported wholesale business known as Devine Wholesale, which purportedly offered clothing and electronics. But it was a promissory-notes…

Sep 15, 2011
PROMISSORY NOTES SCAM: Feds Bust Another Alleged ‘Wholesale’ Business; Jenifer Devine Faces Wire Fraud Charge In Ponzi Case Brought By Obama Task Force; ‘Wholesale Business Was Wholesale Fraud,’ U.S. Attorney Says

The FBI has arrested Jenifer Devine, saying the Fair Lawn, N.J., woman was operating a promissory notes Ponzi scheme through a purported wholesale business that claimed to sell clothing and electronics. Similar charges were brought earlier this year in New Jersey against Nevin Shapiro. Prosecutors said Shapiro, who has pleaded guilty, was running an $880…

Nov 30, 2010