George J. Bussanich, Son Charged with Fraud

George J. Bussanich and his son, George Bussanich, both residents of Bergen County, New Jersey, have been sued by the New Jersey Attorney General and charged with orchestrating a fraudulent investment scheme that bilked more than two dozen investors out millions of dollars.

Court documents reviewed by securities lawyers Jason Kane and Joe Peiffer indicates that George Bussanich and his son have been accused of engaging in the sale of security notes to 26 investors and raising approximately $3.5 million.

The notes sold by the Bussaniches were not registered, nor were they exempt from registration, according to the civil fraud charges brought against George Bussanich and his son.

“Securities offered and sold to the public must either be registered with the securities regulators, or must qualify for an exemption from registration,” said securities attorney Jason Kane.  “The sale of unregistered, non-exempt securities is typically a violation of the securities rules and regulations,” said attorney Joe Peiffer.

Rather than invest the funds they raised from investors, George Bussanich and his son used the investors’ money to buy themselves luxury products, including two Maseratis and a Ferrari, the NJ AG alleged.

Investigation by attorneys Jason Kane and Joe Peiffer suggests that some of the investors may be able to recover their losses from a financial institution that failed to prevent the perpetration of George Bussanich‘s alleged scheme, in violation of its duties.

The two attorneys are preparing to take action on behalf of victimized George Bussanich investors.

The Peiffer Wolf securities attorneys often represent investors who lost their money in Ponzi schemes, investment fraud, or misconduct by their investment advisor.  They typically take cases on behalf of investors on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of the funds they recover for their clients.

George Bussanich investors are encouraged to contact attorneys Jason Kane or Joe Peiffer for a free, no-obligation evaluation of their recovery options, toll free at 585-310-5140.

Both George J. Bussanich and George Bussanich have been charged with civil fraud, not criminal fraud.  Everyone is presumed innocent until and unless found guilty in a court of law.  As of the time of this posting attorneys Jason Kane and Joe Peiffer are not aware of any law enforcement action in this matter.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.