YOU READ IT HERE FIRST: A Bogota woman was arrested and her daughter was being sought by authorities in connection with a telephone phishing scam.
Sylvia Sturm, 59, was being held on $75,000 bail in the Bergen County Jail this morning after detectives arrested her at her home yesterday. Meanwhile, authorities continued to search for 24-year-old Jennifer Cruz.
Both are charged with theft by deception and misconduct by a corporate official.
The pair orchestrated a scheme in which victims were conned into thinking they were directly investing in the portfolio of a binary options trading company called Spot FN, Bergen County Prosecutor John L. Molinelli said this afternoon.
The money was instead steered into Cruz’s account and then withdrawn and used by Sturm for personal expenses, he said.
The month-long investigation was conducted by Molinelli’s White Collar Crimes Unit in tandem with Bogota and Teaneck police following a report by Bank of America officials, the prosecutor said.
MUGSHOT: Courtesy BERGEN COUNTY PROSECUTOR
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