Law & Justice

Maplewood Man Pleads Guilty to Stealing Nearly $300K from Customers

Germaine Theodore Credits: New Jersey Office of the Attorney General

TRENTON, NJ – Germaine Theodore of Maplewood, who stole approximately $298,000 from customers of his two fraudulent debt relief businesses, pleaded guilty to one of the two scams, announced Attorney General Christopher S. Porrino on Jan. 6.

Theodore will face a recommended sentence of 7 years in state prison under plea agreement

According to Porrino, "Theodore promised customers of TGC Movement in Maplewood and Save My Future in Jersey City big reductions in their monthly bills, but he instead stole their money through Ponzi schemes."

Sign Up for E-News

According to prosecutors, "Theodore operated the two companies as classic Ponzi schemes, using money from new clients to pay the first bills submitted by earlier clients."

Theodore, age 36, pleaded guilty on Jan. 6 in Superior Court in Hudson County to the scam involving Save My Future in Jersey City. Under the plea agreement he entered with the state, he also is required to plead guilty in the TGC Movement case at a later date in Superior Court in Essex County, stated a release from Porrino.

The plea agreement includes that the state will recommend that Theodore be sentenced to seven years in state prison on the TGC Movement charge and four years in prison on the Save My Future charge, with the sentences to run concurrently.

Theodore must pay restitution of approximately $250,000 to clients of TGC Movement and about $48,000 to clients of Save My Future. Judge Galis-Menendez scheduled sentencing in the Hudson County case for June 23.

Deputy Attorneys General Janet Bosi, Anthony Torntore and Jacalyn Estrada are prosecuting Theodore and took the guilty plea for the Division of Criminal Justice Financial & Computer Crimes Bureau.

“Instead of delivering the debt relief that his clients desperately needed, Theodore ruthlessly compounded their problems by stealing from them,” said Attorney General Porrino. “We’ve ensured that Theodore will serve a long term in prison, where he can’t swindle any more vulnerable consumers.”

“Ponzi schemes take many forms, but this one was especially egregious because it targeted victims who already were struggling financially,” said Director Elie Honig of the Division of Criminal Justice. “While collar criminals like Theodore harm people as well as businesses, as this case starkly illustrates, and we will continue to prosecute them aggressively.”

The Attorney General’s Office began a civil investigation through the Division of Consumer Affairs in September 2013 after receiving complaints from numerous customers of Theodore’s purported bill payment and debt reduction service, TGC Movement, Inc., which was located on Springfield Ave. in Maplewood.

The Division of Consumer Affairs subsequently referred the matter to the Division of Criminal Justice for a criminal investigation. The Essex County Prosecutor’s Office and the Maplewood Police Department assisted the Division of Criminal Justice in the criminal investigation involving TGC Movement.

According to the the Attorney General's office, their investigation showed that Theodore recruited customers for TGC Movement by claiming that he could reduce their monthly bills by 35 percent. He told clients that if they submitted their unpaid bills to the company, along with payment for 65 percent of the outstanding balance of those bills and certain fees, the company would remit payment in full to the client’s creditors. Theodore and other employees of the company variously represented to prospective clients that either funding from a government grant program or private investors paid the remaining 35 percent of the clients’ bills. In fact, Theodore quickly stopped paying bills for the clients and instead stole their payments. From May 2013 through his arrest on Oct. 15, 2013, he stole approximately $250,000 from over 200 clients of TGC Movement. Theodore was indicted on Feb. 11, 2015 in connection with TGC Movement.

After his initial arrest in connection with TGC Movement, Theodore posted bail and, in or about December 2013, opened Save My Future in Jersey City. In August 2014, he was re-arrested on a warrant charging him with theft related to numerous complaints from customers of Save My Future. The Division of Criminal Justice investigated those allegations with assistance from the Jersey City Police Department and the Hudson County Prosecutor’s Office.

The investigation regarding Save My Future revealed that Theodore used the new business to engage in exactly the same scam he perpetrated with TGC Movement. The new business had an office on Atlantic Street in Jersey City. He again promised clients that he could reduce their monthly bills by 35 percent. He told clients that if they paid 65 percent of their bills to Save My Future, plus certain fees, the firm would arrange for their bills to be paid in full. Once again, Theodore quickly stopped paying bills for the clients and instead stole their payments. He stole approximately $48,000 from clients of Save My Future. Theodore was indicted in that case on May 4, 2015.

Attorney General Porrino thanked the Hudson County Prosecutor’s Office; Detective Brian Glasser and other members of the Jersey City Police Department; the Essex County Prosecutor’s Office; and the Maplewood Police Department for their "valuable assistance." He also thanked the Division of Consumer Affairs for its civil investigation and referral.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

Millburn/Short Hills

Millburn Recreation Accepting Memberships for Pool, Tennis and Golf

February 19, 2018

MILLBURN, NJ - The Millburn Township Recreation Department announced that it is accepting memberships for the township pool, tennis and golf facilities. The memberships are available to all Millburn Township residents and the applications are available online.

The membership application can be accessed at or go ...

Millburn Police Investigating Theft at Louis Vuitton Store

March 13, 2018

On March 6, 2018 Millburn Police Officer McMillan stopped a 2003 Acura 3.2 on Parsonage Hill/Passaic for having no front plate and tinted windows. The investigation led to the arrest of 33 year old Horace Hall Jr of Newark for possession of a controlled dangerous substance (marijuana) and possession of drug paraphernalia. Mr. Hall Jr was released on a summons.

On March 6, 2018 Millburn Police ...


AtlantiCast: Episode 13

On this episode of AtlantiCast, new clinical studies in the fields of cardiology and immunotherapy, national and statewide recognitions for Atlantic Health System medical centers and the inaugural AtlantiCast Collab Challenge!


Upcoming Events


Sat, March 17, 10:00 AM

The Cora Hartshorn Arboretum and Bird Sanctuary, Short Hills

Summer Nature Discovery Camp Open House - ...



Sat, March 17, 11:00 AM

PetSmart, Millburn

Dog Adoption Event



Wed, March 21, 8:30 AM

St. Vincent Martyr School, Madison

Open House for Preschool, Kindergarten & First ...


All-Star Basketball Event Coming to Millburn

March 17, 2018

Millburn All Stars vs. Pros – Saturday March 24, 6:00 pm

Community Event at Millburn High School

On Saturday, March 24th, the Millburn High School Senior Celebration 2018 Committee is partnering with Dreams for Kids, Inc., to present Millburn All-Stars vs. Pros.

At the All-Star Basketball event, a team of NFL players will take on teams from the Millburn/Short Hills ...

Millburn Summer Pool Employment

The Millburn Recreation Dept. is accepting applications for  Lifeguards andthe Assistant Manager and head Swim Coach positions at the Township Pool.  Interested persons may apply at the Recreation Dept. in Town Hall or visit to download an employment application.

Email inquiries to or call 973-564-7064 for further ...

Lightbridge Academy in Millburn Hiring Assistant and Lead Teachers

If you are passionate about educating and nurturing young minds, you may fit right in with our family! Lightbridge Academy is currently hiring Assistant and Lead Teachers to join our team and grow with us!

If you would like to learn more about the positions offered, you can reach us at 973-218-1800.