UPDATE : A federal judge in Newark this afternoon released an accused Ponzi schemer on a $250,000 unsecured bond co-signed by her mom. The judge also ordered that Jenifer Devine, 39, undergo mental health and substance abuse treatment as is necessary, and that she have no contact with the victimized investors, pending trial.
PHOTO that Devine used to advertise her business
She also was ordered to turn in a gun that she apparently kept in her house.
The FBI said Devine posed as a Carlstadt wholesaler dealing in designer fashions and electronics but actually had no goods to sell.
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