Hudson Reporter
Secaucus portfolio manager charged with wire fraud and identity theft
He allegedly defrauded investors of hundreds of thousands of dollars
Beware of con artists!
A portfolio manager and senior independent executive adviser at a Secaucus-based real estate fund was charged with using a sham loan document to defraud an investor of hundreds of thousands of dollars, according to Acting U.S. Attorney Rachael A. Honig.
Thomas Nicholas Salzano, aka “Nick Salzano,” of Secaucus, was charged by complaint with one count of wire fraud and one count of aggravated identity theft. Salzano appeared by videoconference on March 4, before U.S. Magistrate Judge Leda Dunn Wettre and was released on a $100,000 unsecured bond.
Hudson County View
Former NRIA Portfolio Manager Thomas Nicholas Salzano. Photo via NRIA.net.
By John Heinis/Hudson County View
Thomas Nicholas Salzano, also known as Nick Salzano, of Secaucus, was charged by complaint with one count of wire fraud and one count of aggravated identity theft, Honig said in a statement.
Salzano appeared by videoconference on Thursday, March 4th before U.S. Magistrate Judge Leda Dunn Wettre and was released on a $100,000 unsecured bond.
Salzano was employed at National Realty Investment Advisors (NRIA), a private real estate management fund with a purported $1.25 billion in assets under management as of 2021.