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As reported by The Press of Atlantic City: “A north New Jersey barrister pleaded guilty Friday to theft around $4 the masses from a trust sake and used the money to food the slot machines in Atlantic City, Attorney General Anne Milgram before-mentioned.

“Michael P.
Rumore, 50, of Lyndhurst Township, Bergen County, pleaded guilty to first-degree money laundering and second-degree pilfering, Milgram declared.

“Rumore was hired of the same kind with some attorney to clear real rank deals, and got well-nigh $4 million at closings, pay away existing mortgages and pay other fees, Milgram before-mentioned in a trust computation he was supposed to employment to disburse.He admitted that he transferred the money into his personal accounts and used it to game in Atlantic City, mostly at slot machines.

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“Sentencing is scheduled toward April 17, and the state last will and testament commit a 15-year gaol space of time and that Rumore pay restitution to his victims, that are title-insurance companies, Milgram said.He in addition wasted his actually to exercise principle in New Jersey…”

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