Mario Coniglione, 50, Staten Island, New Jersey, surrendered himself and was arrested on Friday, August 23, 2013, on charges of second degree Theft by Failure to Make Required Disposition of Property Received.
Coniglione is accused of stealing a Freehold, New Jersey, couple’s monthly mortgage payments for nearly three years before attempting to fraudulently file for bankruptcy in the husband’s name to forestall a foreclosure action on their house. Investigation revealed that the couple retained Coniglione and his company, Regency Consulting, LLC, in 2010 to help them obtain a mortgage modification from their lender. Coniglione had the couple redirect their monthly mortgage and escrow payments to him as their mortgage lender’s “broker.” Despite making regular monthly mortgage payments to Coniglione from November 2010 to July 2013, payments were not being made to the couple’s mortgage and their lender initiated foreclosure proceedings.
In addition to the theft charges, Coniglione is facing charges of third degree Identity Theft, fourth degree Forgery and fourth degree Falsifying or Tampering with Records on revelation that, earlier this year, Coniglione posed as the husband of the Freehold couple and, without his knowledge or consent, attempted to file an emergency bankruptcy petition in his name in an effort to stay the foreclosure proceedings against the couple’s home.
Coniglione is being held in the Monmouth County Correctional Institution, Freehold Township, on $75,000 bail with no option to post 10 percent, as set by Monmouth County Superior Court Judge Honora O’Brien Kilgallen, with the added conditions, if he does post bail, that he have no contact with his victims and must surrender his U.S. Passport. The Court further ordered a bail source hearing before Coniglione can be released upon posting bail.
Acting Monmouth County Prosecutor Christopher J. Gramiccioni announced the arrest.
This case is being prosecuted by Special Deputy Attorney General and Acting Assistant Monmouth County Prosecutor David Fritch, of the Office’s Financial Crimes and Public Corruption Bureau.
The Monmouth County Prosecutor’s Office Special Prosecutions Bureau and the Wall Township Police Department conducted the investigation.