Morris County Prosecutor Fredric M. Knapp announces that the Honorable Thomas J. Critchley, Jr., J.S.C. sentenced Robert Kosch, 58, of Bloomfield, to an aggregate sentence of 20 years in State Prison for multiple counts of theft, fraud, and possession of personal identifying information.
On October 14, a Sussex County jury found the defendant guilty of two counts of second degree theft of immovable property, one count of third degree theft of immovable property, two counts of third degree theft of movable property, two counts of third degree fraud, and one count of second degree possession of personal Identifying Information.
The charges stemmed from the defendant’s operation of Floaters, LLC, a business involved in foreclosure rescues and the purchase of real estate in various towns in Sussex County. The defendant targeted individuals in financial distress and who had moved out of their homes. He forged signatures on various deeds transferring ownership of properties to himself or Floaters, LLC without the consent of the homeowners. He then proceeded to rent out the properties and collect the rental income. The defendant was also found to be in possession of personal identifying information belonging to over one hundred individuals for the purposes of locating other property owners.
Judge Critchley sentenced the defendant to an aggregate sentence of 20 years in State Prison. The defendant is required to serve 6 years before becoming eligible for parole.