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Hudson County Property Manager Admits Role in $470K Condominium Fraud Scheme (NJ)

/ Owner - April 3, 2024

The scheme was facilitated through the submission of falsified invoices that significantly overcharged the services rendered by Obedos’s company, leading to the condominium complex overpaying by $500,000.   Investigations revealed that the complex paid over $1 million for services that were, in reality, worth half that amount.  The inflated funds were then distributed as kickbacks, with Bennett receiving $440,000 and Smith receiving $30,000.     Read the article…………………………….

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