The mayors of six shore towns including Ocean City, Sea Isle City, Atlantic City, Belmar, and Cape May did not respond to press inquiries from Townsquare Media while a response from a Wildwood spokesperson was still pending Monday afternoon.
A NJ man who owned and operated a purported investment firm has been charged for allegedly operating a Ponzi-like scheme that defrauded victims over $5 million.
Vincent Dispoto, of Belmar is accused of scamming investors out of funds since the 1980s, as the owner of both Giddeon Financial Services and Liberty Mortgage Services.