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Report: #920121

Complaint Review: Bridgewater Autobody and Collision - 208 Route 28 New Jersey

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  • Reported By: Ripped Off — Bridgewater New Jersey United States of America
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  • Bridgewater Autobody and Collision 2012 Highway 31 Glen Gardner, NJ 08826 208 Route 28, New Jersey United States of America

Bridgewater Autobody and Collision Glenn Morello and Greg Morello both brothers and as individuals. FRAUD, theft of equipment and services. Bank Fraud! 208 Route 28 , New Jersey

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Glenn and Greg Morello, entered into a contract to buy my business and used my equipment, which was paid for 100%, as collateral for a loan in excess of $500,000 which the bank then funded 100% to them! Glenn and Greg provided a paid invoice to the bank which they never paid me, the owner of the equipment. This while I was in the hospital for a few months with a life threatening injury. Glenn then paid for a Golf membership with his share of proceeds through a corporation known as Golf Around. Greg purchased a Town Home with his girlfriend, unknown to his wife and Glenn after purchase of a new BMW threatened me that if I said anything I would never be paid. Well years later Glenn copped a plea and stated he knew nothing of his brothers deals, which was a lie. Now Greg divorced from his wife and Glenn, they both seem to live happily ever after while taking 25 years worth of work and stealing it through bank fraud!

I later found out that Glenn and Greg did the same thing to two other unsuspecting business owners, both of the same ilk having worked their whole lives and lost everything to Glenn and Gregg whom collateralized assets of each business that was owned by each owner free and clear and then moving the equipment around to their various shops to hide from Banking Institutions. When the banks went to foreclose on Glenn and Greg, my equipment which I was never paid for was collected by a bank stating there was liens on it from a business they bought in another county.

Glenn and Greg Morello are two brothers whom committed Banking Fraud and yet due to the massive bank bailouts prosecutors felt it was not big enough and too complex to chase the case down even though it too should have been considered a RICO Statutory Fraud case.

This report was posted on Ripoff Report on 07/31/2012 06:13 AM and is a permanent record located here: https://www.ripoffreport.com/reports/bridgewater-autobody-and-collision/208-route-28-new-jersey-08807/bridgewater-autobody-and-collision-glenn-morello-and-greg-morello-both-brothers-and-as-ind-920121. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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