nj.com
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8th September 2023
4 N.J. men charged in $673M illegal money transfers out of NYC Diamond District
Four men from New Jersey have been arrested on accusations they used their New York City jewelry stores as fronts to run illegal money transmitting businesses, U.S. Attorney Philip R. Sellinger said.
Raj Vaidya, 26, Rakesh Vaidya, 51, Shrey Vaidya, 23, and Neel Patel, 26, all of Edison, along with Youssef Janfar, 57, of Great Neck, New York, were charged by complaint with operating and aiding and an unlicensed money transmitting business.
The men are accused of using the jewelry stores they ow