Mount Laurel, NJ, Man Charged in $300K HELOC Fraud Case

Jackson Township, N.J. — A Burlington County man has been charged in connection with an alleged scheme involving a $300,000 home equity loan and impersonation tied to a Jackson Township victim.

On May 21st, 44-year-old Stephen Intrieri of Mount Laurel was charged with theft by unlawful taking and impersonation.

The Ocean County Prosecutor's Office said their investigation revealed that the victim took out a home equity line of credit (HELOC) against his property for $300,000, intending to invest some of the proceeds with Intrieri.

According to officials, Intrieri completed the loan application in the victim's name but utilized his own contact information, thereby allowing Intrieri to have access to the HELOC funds. He then allegedly proceeded to transfer the funds into an E-Trade account, which the victim had no access to. Additionally, it was discovered that Intrieri had been communicating with the victim, purporting to be the mortgage company.

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Anyone with information about this case is asked to contact Det. Kyle Richardella with the Ocean County Prosecutor's Office at (732) 929-2027.

The public is reminded that charges are accusations and all persons are considered innocent until proven guilty in a court of law.

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Chris Coleman is a South Jersey native and has been a cornerstone of the Atlantic City radio market since 1998. He serves as Brand Manager for WPG Talk Radio 95.5 and afternoon on-air personality for Cat Country 107.3. A five-time President's Circle award winner and Townsquare Media's 2024 Content Creator of the Year, Chris covers news, events, and stories of interest across Southern New Jersey. Story tips: chris.coleman@townsquaremedia.com