Related Federal Cases
- Frank N. Tobolsky, Wire Fraud, New Jersey 2022 · Delaware
- Michael Esposito, $1M Wire Fraud, New Jersey 2024 · Delaware
- Michael Esposito, Wire Fraud, New Jersey 2024 · Delaware
- Lisa Popewiny, Wire Fraud, New Jersey 2017 · Washington
- Michael Esposito Charged with Wire Fraud, North Caldwell NJ, 2023 · Delaware
Frank N. Tobolsky Admits Role in $2 Million Fraud Scheme
CAMDEN, N.J. – A Camden County, New Jersey, man today admitted defrauding a victim of almost $2 million in connection with a fraudulent investment scheme, Acting U.S. Attorney Rachael A. Honig announced.
Frank N. Tobolsky, 59, of Cherry Hill, New Jersey, pleaded guilty before U.S. District Judge Noel L. Hillman in Camden federal court to one count of wire fraud on an unspecified date in 2022.
According to documents filed in this case and statements made in court, Tobolsky raised money from a victim, purportedly as an investment that would loan money to season ticket holders who owned seat licenses for the Philadelphia Eagles. The seat licenses would be used as collateral to secure the loans.
The victim sent Tobolsky approximately $2.4 million to invest in the purported business venture. The money was not used for loans to season ticket holders. Instead, Tobolsky used a substantial portion on personal expenses.
The charge of wire fraud to which Tobolsky pleaded guilty carries a maximum penalty of 20 years in prison and a maximum fine of $250,000, or twice the gross loss to any victim or gain to Tobolsky, whichever is greater. Sentencing is scheduled for February 10, 2022.
Acting U.S. Attorney Honig credited postal inspectors of the U.S. Postal Inspection Service, Philadelphia Division, under the direction of Inspector in Charge Damon Wood, with the investigation leading to today’s guilty plea. She also thanked the U.S. Attorney’s Office for the District of Delaware for assisting in the investigation.
The government is represented by Assistant U.S. Attorney Jeffrey Bender and Special Assistant U.S. Attorney John Crockett of the U.S. Attorney’s Office in Camden.
Defendant’s Information:
Defendant Name: Frank N. Tobolsky
Age: 59
City and State: Cherry Hill, New Jersey
Exact Date: February 10, 2022 (sentencing)
Sentence or Outcome: Pleaded guilty to wire fraud
Dollar Amounts: $2.4 million
Key Facts
- State: New Jersey
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News