JERSEY CITY — On Feb. 17, Angel Fontaina, 45, of Jersey City, was taken into custody three days after a state grand jury charged him with theft by deception, identity theft, and passing bad checks, all in the second degree. Fontaina was also charged with three counts of fourth-degree forgery in the alleged scam that virtually drained his mother’s two fixed annuity accounts with New York Life Insurance Company, they say.
Acting Attorney General John J. Hoffman and the Office of the Insurance Fraud Prosecutor (OIFP) announced in a press release that he was arrested for allegedly stealing more than $225,000 from his 85-year-old mother’s annuity accounts. The state alleges that Fontaina, who lives with his mother, siphoned money from the accounts through 10 withdrawals made between June 2014 and October 2014.
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