New Jersey man charged in $2 million Eagles season ticket scam

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PHILADELPHIA, USA - JUNE 12, 2013: Lincoln Financial Field stadium in Philadelphia. It is the home stadium for NFL team Philadelphia Eagles and Temple Owls university football team.
PHILADELPHIA, USA - JUNE 12, 2013: Lincoln Financial Field stadium in Philadelphia. It is the home stadium for NFL team Philadelphia Eagles and Temple Owls university football team.

CAMDEN, N.J. – A man from Camden County, New Jersey, has been sentenced to 48 months in prison for defrauding a victim of almost $2 million in a fraudulent investment scheme, U.S. Attorney Philip R. Sellinger announced.

Previously, Frank N. Tobolsky, 60, of Cherry Hill, New Jersey, pleaded guilty before United States District Judge Noel L. Hillman to one count of wire fraud. Judge Hillman imposed the sentence in Camden federal court.

In 2013, Tobolsky raised money from a victim, purportedly for the purpose of lending money to Philadelphia Eagles season ticket holders who owned seat licenses. The seat licenses would be used as collateral to secure the loans. The victim sent Tobolsky approximately $2.4 million to invest in the purported business venture. The money was not used for loans to season ticket holders. Instead, Tobolsky used a substantial portion on personal expenses.  

Aside from the prison term, Judge Hillman sentenced Tobolsky to three years of supervised release and ordered him to pay $1.98 million in restitution.


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