FREEHOLD, N.J. (AP) — Prosecutors say a central New Jersey businessman manipulated rental agreements to illegally pocket more than $250,000.
Thomas Carr, a 54-year-old Manalapan resident, is charged with theft, forgery and uttering a forged instrument. Bail was set at $105,000 and it wasn’t known Sunday if Carr has retained an attorney
Monmouth County prosecutors say Carr was a partner in a business venture catering to investors involved in the purchase and sale of cocoa beans. They needed warehouse space, and Carr was in charge of making those arrangements.
Prosecutors say Carr misrepresented the cost of renting the space in an Aberdeen warehouse and furnished a business partner with a fraudulent lease to support the inflated costs. He then allegedly kept the difference between what was really due and what was remitted through him.