First NJ resident lands on FBI’s Most Wanted Fraudsters list for swindling investors out of a whopping $650M

New York Post
By Ella MorrisonAug 13, 2026, 11:00 pm74 pts
Fugitive Rey E. Grabato II is accused of participating in a Ponzi scheme that defrauded some 2,000 investors, hundreds of whom were located in New Jersey, out of more than $650 million between February 2018 and January 2022, according to the FBI.

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