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A disgraced South Jersey attorney with a confessed gambling habit was busted by federal agents for conning an investor out of $2.4 million in a loan scheme involving supposed Philadelphia Eagles season ticket holders, authorities said.
Frank N. Tobolsky, 59, of Cherry Hill told the Delaware investor he was funding loans for clients using season ticket licenses as collateral, an indictment returned in U.S. District Court in Camden says.
There were no clients, it says.
Tobolsky gambled “a substantial portion” of the money at Atlantic City casinos, among other personal uses, Acting U.S. Attorney for New Jersey Rachael A. Honig said.