Denis Kelliher, Wire Fraud, New Jersey 2016

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Trenton Marine Manager Indicted for $2M Boat Scheme

Denis Kelliher, 47, of Toms River, NJ, has been charged with wire fraud, according to a recent indictment. Kelliher was the manager of Trenton Marine’s Toms River, NJ marina and acted as a broker for the sale of boats.

Between 2013 and 2016, Kelliher sold approximately 13 boats without the knowledge of the owners and converted the proceeds from the sale to his personal use, including to pay off debts he owed to his business associates. As a result, the boat owners were robbed of their property valued at more than $2 million.

The indictment alleges that Kelliher’s actions were a blatant scheme to defraud the boat owners, resulting in significant financial losses for the victims.

The case was investigated by the Federal Bureau of Investigation and the Toms River (NJ) Police Department, with assistance from other law enforcement agencies.

Kelliher’s actions, if convicted, could result in a statutory maximum penalty of 20 years’ imprisonment, three years’ supervised release, $250,000 fine, and $100 special assessment. Additionally, he will be subject to restitution and/or forfeiture of money and substitute assets totaling $2,163,000.00.

The case is being prosecuted by Assistant United States Attorney Anita Eve, who stated that ‘we will continue to work tirelessly to hold those accountable for their crimes.’

Kelliher’s indictment serves as a reminder that those who engage in white-collar crimes will face severe consequences for their actions.

The investigation and prosecution of Kelliher’s case highlight the importance of collaboration between law enforcement agencies and the need for continued vigilance in preventing and combating financial crimes.