Skip to main navigationSkip to News Headlines
NJ Division of Consumer Affairs
Global Navigation
Division of Consumer Affairs
The State of New Jersey Office of The Attorney General (Dept. of Law & Public Safety) The State of New Jersey NJ Home Services A to Z Departments/Agencies OAG Frequently Asked Questions
OAG Home
OAG Contact
Division of Consumer Affairs Alerts and Recalls
Division of Consumer Affairs Alerts and Recalls
Office of the Attorney General Homepage Division of Consumer Affairs, Director
Division of Consumer Affairs, Director
Division of Alcoholic Beverage Control
Division of Consumer Affairs
Division of Consumer Affairs Highlights
Division of Consumer Affairs Topics in a A-Z List Format
Office of Consumer Protection (OCP)
New Jersey Bureau of Securities
Office of Weights and Measures
Legalized Games of Chance Control Commission
Alternative Dispute Resolution
Professions and Occupations List
Contact the Division of Consumer Affairs
Division of Consumer Affairs in Spanish
Division of Criminal Justice
Division on Civil Rights
Division of Gaming Enforcement
Division of Highway Traffic Safety
Division of Law
Juvenile Justice Commission
NJ Racing Commission
Division of NJ State Police
OPRA - Open Public Records Act

Division of Consumer Affairs
Press Release

Attorney General
Paula T. Dow

Bureau of Securities
Marc B. Minor, Chief

For Immediate Release:
April 22, 2010
For Further Information Contact:
Jeff Lamm, 973-504-6327
Court Grants Attorney General's Request to Shut Livingston Investment Firm and Freeze its Assets Amid Fraud Allegations

NEWARK - A Livingston investment firm has been temporarily closed and its assets frozen under court order after Attorney General Paula T. Dow and the New Jersey Bureau of Securities filed suit against the company and its principals, alleging that they had defrauded investors out of more than $450,000.

Defendants Jacob Eisenstark and Blanche Eisenstark, who are husband and wife, are alleged to have used the invested funds for their personal expenses, including the purchase of residences in Livingston and West Orange , New Jersey and Palm Harbor , Florida .

The state's five-count Complaint, filed in Superior Court in Essex County , alleges that the defendants violated the New Jersey Uniform Securities Law and committed securities fraud. Rather than invest the funds as instructed, the defendants allegedly diverted the funds for personal use.

?The victims trusted that their hard-earned investment funds would be applied as promised. Unfortunately, the defendants allegedly violated their trust and, in so doing, the State's Uniform Securities Law,? Attorney General Dow said.

The state is seeking restitution for the defrauded investors, as well as civil penalties against the defendants. The court granted the State's request to freeze assets. The court-appointed receiver has been designated to recover assets from the defendants.

Jacob Eisenstark was a registered investment adviser representative and principal of Eisenstark Advisory, Inc., a registered firm. Blanche Eisenstark was the secretary for J.N.J, Capital Management, Inc., a company controlled by her husband.

Jacob Eisenstark allegedly told the investors that they would receive an annual 15% return on their investments. No investment contracts were signed, as required by state law, and the funds were not invested as directed by the investors.

Marc B. Minor, Chief of the Bureau of Securities cautioned that ?investors should always perform due diligence, which includes, among other things, checking that the person offering an investment and also the investment itself are registered with the Bureau.?

The Bureau of Securities can be contacted toll-free within New Jersey at 1-877-I-INVEST (1-877-446-8378) or from outside New Jersey at 973-504-3600. The Bureau's web site is located at .

Deputy Attorneys General Anna Lascurain, Chief of the Securities Fraud Prosecution Section, and Elizabeth R. Lash are representing the state in this matter. The investigation was conducted by Supervising Investigator Arlene Ferris-Waks and Investigator Rosemary Gonzalez in the Bureau of Securities.

View Eisenstark Order


Contact Us | Privacy Notice | Legal Statement | Accessibility Statement
NJ Home Logo
Divisional: DCA Home | Complaint Forms | Proposals | Adoptions | Contact DCA
Departmental: OAG Home | Contact OAG | About OAG | OAG News | OAG FAQs
Statewide: NJ Home | Services A to Z | Departments/Agencies | FAQs
Copyright State of New Jersey
This page is maintained by DCA. Comments/Questions: email

Page last modified: