PEQUANNOCK — Morris County Prosecutor Fredric M. Knapp announces that on September 28, defendant Keith Enlow, 36, Pequannock, was sentenced to four years in New Jersey State Prison and ordered to pay full restitution by the Honorable Thomas J. Critchley, J.S.C. on one count of second-degree theft by deception.
This investigation was conducted by the Morris County Prosecutor’s Office Financial Crimes Unit. The case came to the Morris County Prosecutor’s Office as an allegation of the theft of
$472,000.00 from the victim.
The defendant, a former registered representative at a brokerage in Passaic County, convinced the victim to move her money into an online brokerage account where the defendant claimed he would manage the funds for the victim’s benefit.
After the money was moved, Enlow withdrew approximately $9,400.00 each month to pay for his own personal expenses. He also transferred money into accounts under his own name, in which he conducted highly speculative losing trades.
As a result of Enlow’s losing trades and the withdrawal of the victim’s money for his own benefit, the victim suffered a loss of $472,000.00 within approximately 18 months.
Supervising Assistant Prosecutor Michael Rappa represented the State at the sentencing. Prosecutor Knapp wishes to thank the Financial Crimes Unit of the Specialized Crimes Division in the Morris County Prosecutor’s Office for their successful investigation and prosecution of the defendant.