A Monmouth County man who admitted to financial scams in which he and his girlfriend bilked victims out of $2.9 million is headed to state prison.
Forty-six-year-old Spiro Pollatos of Marlboro received a 13{-year sentence on Friday. He had pleaded guilty in October to money laundering and has agreed to pay restitution to victims and forfeit assets seized in the investigation.
His live-in girlfriend, 50-year-old Crystal Velitschkow, was sentenced in December to 10 years in prison.
An investigation by the state Division of Criminal Justice determined Pollatos used fraudulent loan services to collect excessive fees and commissions.
The Attorney General's Office, which prosecuted the case, says Pollatos also induced several victims to invest nearly $900,000 to purchase the former Yellow Rose Diner in Keyport. But the victims never got ownership of the business.
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