New Jersey Man Arrested for Failing to Broker $215K Used Printing Equipment

John Farina

WOOD-RIDGE, N.J. — September 9, 2016 — The Bergen County Prosecutor's Office has announced the arrest of John Farina, who operated The Icarus Group, located here, on theft charges related to an agreement with a German-based trading company to act as the broker for the sale of a used piece of commercial printing equipment. According to prosecutors, the 63-year-old entered into an agreement in November 2014 to broker the used equipment. As a result, the trading company wired him $215,000 in three installments, but he did not complete the purchase. Because the value of the property was more than $75,000, he has been charged with "theft by failure to make required disposition of property received," a second degree crime.