Nicolas DePaola of Ewing New Jersey was indicted on twelve charges for embezzling and laundering stolen money from his prior client, Hamilton Park CO-OP. On April 1, 2022, a Mercer County grand jury has indicted DePaola on charges of first-degree financial facilitation of criminal activity, second degree theft by unlawful taking, second-degree theft by failure to make required disposition of property received and other related offenses.

DePaola allegedly stole funds and laundered money from his prior client, Hamilton Park CO-OP from 2014 through 2018 when he served as the property manager. Financial records reveal that DePaola stole $925,403.00 directly through unauthorized checks and transfers and allegedly laundered $1,149,7874.00. Although his tax returns stated he made $64,000 to $79,000, DePaola paid $224,381.00 of credit card debt off within this timeframe.

A tenant in the complex had received a letter from Hamilton Township that sated the property was going to be sold due to the CO-OP owing back taxes and sewer fees in the amount of $372,840.39. After this, an investigation began in September 2019 through Mercer County’s Economic Crime Unit, which ultimately led to DePaola’s indictment.