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Two Men Arrested for $7.7 Million Fraud in Bergen County Real Estate Scam
New JerseyGDELTGDELT event0% biasedMon, Jun 8, 2026, 12:00 AM
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Two Men Arrested for $7.7 Million Fraud in Bergen County Real Estate Scam.Two Men Arrested for $7.7 Million Fraud in Bergen County Real Estate Scam Two men got arrested.They’re charged in a business email compromise scheme that siphoned more than $7.7 million from a Bergen County real estate transaction, according to Bergen County Prosecutor… Two men got arrested.They're charged in a business email compromise scheme that siphoned more than $7.7 million from a Bergen County real estate transaction, according to Bergen County Prosecutor Mark Musella.McNeill, 49, from Wyckoff, and Ryan A.Telesford, 43, from Lake Worth, Florida, face charges that include first-degree money laundering and conspiracy.According to RLS Media.com, the arrests happened after a joint investigation by the Bergen County Prosecutor's Office Financial Crimes Unit and the Hackensack Police Department.Authorities said the investigation kicked off in December 2025 when Hackensack Police notified prosecutors about a fraud scheme aimed at a high-value real estate deal that involved a Bergen County business.Prosecutors said the defendants worked with other individuals to execute a business email compromise operation.The group used encrypted electronic communications and fraudulent banking instructions to redirect approximately $7,756,157 from its intended destination.Investigators claim the funds were then shuffled through a network of financial accounts controlled by members of the conspiracy.Authorities said McNeill and Telesford helped move and conceal the stolen proceeds, which included transferring funds into accounts under their control.On May 27, detectives from the Bergen County Prosecutor's Office arrested Telesford at his residence in Florida.The operation involved the Palm Beach County Sheriff's Office Tactical Unit and the U.S.Marshals Task Force.He was charged with two counts of first-degree money laundering, second-degree conspiracy to commit theft by deception, and second-degree conspiracy to commit money laundering.Telesford remains jailed in Florida.He's awaiting extradition to New Jersey.The next day, members of the Bergen County Prosecutor's Office Financial Crimes Unit executed a court-authorized search warrant at McNeill's residence in Wyckoff.The Hackensack and Wyckoff police departments pitched in during the operation.McNeill was arrested and charged with the same offenses, which include first-degree money laundering and conspiracy-related charges.He was remanded to the Bergen County Jail pending a detention hearing in Superior Court in Hackensack.