New Jersey Man Added To FBI’s Most Wanted Fraudsters List

The Federal Bureau of Investigation has confirmed that a man with ties to Hoboken, New Jersey and the Philippines, has been added to their Most Wanted Fraudsters list.

Aliases:

Rey Encarnacion, II; Rey Grabato, II; Rey Li Encarnacion Grabato

Reward:

The FBI is offering a reward of up to $ 150,000 that leads to the arrest and conviction of Grabato.

The FBI Has Released The Following Information About Grabato

Rey E. Grabato, Il is wanted for his alleged participation in a scheme that defrauded approximately 2,000 investors, including hundreds of investors in New Jersey, of over $650 million between February of 2018 and January of 2022. Acting as the President and majority owner of National Realty Investment Advisors, LLC (NRIA), a realty investment company, Grabato, II and others allegedly misrepresented the value of NRIA'S investment fund reportedly used to acquire equity interests in companies that invested in real estate assets. Additionally, between November of 2007 and August of 2022, Grabato, II also allegedly participated in a separate scheme to obstruct, impede, and impair the United States Internal Revenue Service (IRS) in its efforts to collect approximately $26 million in outstanding tax liabilities owed to the United States Government, said the FBI.