Mortgage Broker Cops Extortion Plea In Conspiracy To Squeeze Cash, Real Estate From Four Victims

From the Office of the U.S. Attorney (Trenton, New Jersey):

• A New Jersey mortgage broker [] admitted in federal court that he conspired with a New Jersey attorney and others to extort victims out of money and property by falsely stating they were the subjects of criminal investigations, U.S. Attorney Paul J. Fishman announced.



• Robert G. Cusic Jr., of Millstone, N.J., pleaded guilty before U.S. District Judge Joel A. Pisano in Trenton federal court to an Information charging him with conspiracy to commit extortion under fear of economic harm.

***

• Cusic admitted the goal of the conspiracy was to obtain approximately $80,000 in fees for Frey and to cause the victims to sell certain of the properties to Frey and others. Cusic stood to receive a portion of any fees paid by the victims, a percentage of the sale price of each of the investment properties sold to Frey and others, and property management fees on any of the properties sold.

For the U.S. Attorney press release, see Millstone, N.J., mortgage broker pleads guilty to extortion conspiracy.

For the charging document setting forth the formal allegations, see U.S. v. Cusic.