Retired West Orange Teacher is Charged with Theft in Stock Fraud Scheme

NEWARK, NJ - A retired West Orange teacher has been charged with first degree financial facilitation and theft for her role in a scheme to sell fraudulent stock.

Acting Essex County Prosecutor Carolyn A. Murray announced today that Barbara Queen, 75, a retired West Orange school teacher currently living in East Hanover and formerly of Livingston, has been charged with first degree financial facilitation and theft for her role in the scheme. William Martucci, 69, of Millburn was charged earlier this year in the same scheme.

On Feb. 10, Queen was charged with engaging in the same conduct by inducing a California doctor to invest $100,000 in stock of a company called AAMPRO. Authorities allege in that case that Queen and Martucci  committed theft by deception between Oct. 8, 2004 and Dec. 2011.

Today, Queen was charged with the same crimes in a case against another victim, a Miami resident who invested personal funds with Queen. Between April 10, 2007 and Nov. 30, 2011 Queen is accused of taking in excess of $75,000 from the second victim for fraudulent stock certificates, according to Assistant Prosecutor Robert Grady who is handling the case.

In that same time period, she is also accused of committing the crime of financial facilitation by transferring stolen money in excess of $500,000 and issuing false stock certificates and other documents with the intention of concealing the source of the money.

Grady said given the magnitude of the operation, authorities believe other investors may have given money to Queen and Martucci. Anyone who gave the pair money, or who knows anything that may be relevant to the investigation is asked to contact the Financial Crimes Unit of the Essex County Prosecutor’s Office at 973-266-7720.

If convicted of the new charges, Queen faces 30 years in New Jersey state prison.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Livingston

Free Flavors Soft Serve Ice Cream (Jr. Cup or Cone) With Coupon

May 23, 2018

Fairfield, NJ - Flavors Homemade Ice Cream is offering a FREE soft serve ice cream (jr. cup or cone) when you spend $10 or more with coupon.

Flavors Homemade Is located at 653 Rt 46 West (1.98 mi) in Fairfield, New Jersey 07004 next to Jose Tejas.

*Homemade Ice Cream

*Italian Ice

*Gelato 

*Fresh waffles 

*ice ...

Evolve Cycle And Fitness Presale Happening Now!

CALDWELL, NJ - Evolve Cycle and Fitness is now offering 10 classes for only $90. That’s only $9 a class when you purchase before its official Grand Opening on Friday, June 1, 2018. 

Only two weeks left to take advantage of this limited time offer! Call Martha at 973-979-5919 or click here to sign up.

Evolve Cycle and Fitness is a Premier Fitness Boutique ...

Upcoming Events

Carousel_image_858d52d71559e8db11c1_35608_125981954105061_273496_n-1

Thu, May 24, 6:30 PM

Heritage Middle School , Livingston

Livingston Public Schools Presents: 6th to 7th ...

Education

Carousel_image_27a1c651521c971f9a4d_1cdb218c0a6934197fac_b2a4cff22151f502f44b2552724bef71_xl

Thu, May 24, 7:00 PM

Livingston Public Library, Livingston

Understanding Hearing Loss

Health & Wellness

Carousel_image_340b7d186bbd7d783f02_35608_125981954105061_273496_n-1

Thu, May 24, 7:30 PM

Heritage Middle School , Livingston

Livingston Public Schools Presents: 6th to 7th ...

Education

Montclair HS Student Reported Sexual Assault in All-Gender Bathroom, Officials Say

May 17, 2018

MONTCLAIR, NJ - According to published reports on Wednesday, Montclair Police officials are investigating allegations of sexual assault reported to have occurred in a bathroom at Montclair High School.

Montclair police officials state that officers received a report about an incident at the high school of a sexual nature that occurred around 3:18 p.m. on Monday. The ...

Still Time to Register for Livingston's Fall Intown Soccer

May 14, 2018

LIVINGSTON, NJ — Although a late fee may be applied as of May 13, registration is still open for the Fall 2018 Intown Soccer season in Livingston, including the high school co-ed program.

Livingston Soccer Club's (LSC) Intown program is all about sportsmanship, making friends, getting some exercise and learning a bit about soccer along the way. LSC provides the following ...

10-Year-Old Cancer Patient Receives Donation from Randolph Hockey Family

May 21, 2018

RANDOLPH, NJ — While the inter-town hockey battles on the ice between Randolph and Roxbury are fierce at every age level, when it comes to real-life battles off the ice, there is no hesitation to offer help to their neighbor.

Such is the case with a recent gesture of unity and support from the members of the Randolph varsity hockey team, when they came together to ...

A Royal Pain

I went to a big wedding over the weekend.  It was in England.

I like to think I was invited, but according to the Royal Guards and the Thames Valley Police I was not.  But more about that later.

You see, not too long ago I received an evite addressed to me from H&M@royalwedbot.co.uk.  Curiously, it was in my spam folder with a warning message. For an evite it was pretty ...