Article: DEVELOPER WHO STOLE AGREES TO RESTITUTION

JIM EFSTATHIOU, Staff Writer
The Record (Bergen County, NJ)
06-20-1995
DEVELOPER WHO STOLE AGREES TO RESTITUTION -- TOOK DEPOSITS FROM THE ELDERLY

By JIM EFSTATHIOU, Staff Writer
Date: 06-20-1995, Tuesday
Section: NEWS
Edition: 3 Star, Also in 2 Star P, 2 Star B, 1 Star Late, 1 Star Early

Five years ago, Stuart L. Hoff, a trustee of the Oradell Senior
Housing Corp., withdrew $15,340 from a bank account that held senior
citizens' deposits on homes in a planned retirement complex, and left
town.

By the time trustees of the non-profit corporation, which had
collected $700 deposits from 58 seniors, discovered the shortfall in
their accounts, Hoff had fled with the cash and bank records.

The ...

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