A New Jersey grand jury indicted a Damariscotta resident and former investment adviser in December after she allegedly defrauded two clients of more than $100,000.
The state grand jury charged Janet Fooshee with 29 crimes, including second- and third-degree impersonation/theft of identity, theft by deception and theft by unlawful taking; fourth-degree falsifying or tampering with records and fourth-degree forgery, according to the New Jersey Attorney General’s Office.
“This alleged crime deceived investors who trusted that the defendant was safely investing their money as she had represented,” acting Insurance Fraud Prosecutor Ronald Chillemi said in a press release. “Such deceit will be vigorously prosecuted by my office.”
In New Jersey, second-degree crimes carry a maximum sentence of 10 years in state prison and a fine of up to $150,000, third-degree crimes a maximum of five years and $15,000 and fourth-degree crimes a maximum of 18 months and $10,000.
The New Jersey Attorney General’s Office, with assistance from the Lincoln County Sheriff’s Office and the Damariscotta Police Department, executed a search warrant at Fooshee’s Bristol Road residence Jan. 31.
Fooshee could not be reached for comment.