Rockaway Borough NJ Police Warn about Financial Scams
Rockaway Borough, NJ police have advised the public to be on the lookout for potential scammers.
In an announcement, the police department warned Rockaway Borough residents to be cautious about all manner of scams, including electronic company phone scams, credit card scams, bank account scams, and lottery scams.
The news release went further, advising people to be cautious when it comes to investing in or putting money toward deals that seem too good to be true.
The Rockaway Borough Police Department’s announcement preceded a roundtable discussion on how to combat these kinds of financial crimes.
The roundtable was hosted by the Financial Crimes Unit of the Morris County Prosecutor’s Office and was open to law enforcement peers across the state. More than 10 prosecutor’s offices in northern New Jersey were expected to participate in one of the roundtable’s panels on financial crimes prosecution.
Acting Morris County Prosecutor Fredric M. Knapp said that the impetus for the open forum was the difficult nature of preventing and prosecuting financial crimes. According to Knapp, many financial fraud crimes are hard to detect “due to their highly complicated and technologically sophisticated nature.”
Despite being difficult to prosecute, financial fraud crimes carry great risk because a conviction can result in severe penalties. As set forth by N.J.S.A. 2C:20-4, theft by deception of more than $500 is classified as a third degree felony. This means that offenders could face up to five years in New Jersey State Prison if convicted.
Police Warn Rockaway Residents of Potential Scams, Fraud
To learn more, check out the NJ.com article entitled “Rockaway Borough Police Warn: Be on the Lookout for Scams.“
