A New Jersey thief who bilked investors out of more than $650 million has been named one of the FBI’s Most Wanted Fraudsters — the first Garden State resident to appear on the infamous list.
Fugitive Rey E. Grabato II is accused of participating in a Ponzi scheme that defrauded some 2,000 investors, hundreds of whom were located in New Jersey, out of more than $650 million between February 2018 and January 2022, according to the FBI.
The agency is offering a reward of up to $150,000 for information that leads to Grabato’s arrest and conviction.
Federal authorities issued an arrest warrant for him back in October 2022 and the alleged fraudster…
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