KIYOUNG KIM AND SHANGSU HAN CHARGED WITH FRAUD 
TO: ALL NEWS MEDIA
FROM: PROSECUTOR JOHN L. MOLINELLI

Bergen County Prosecutor John L. Molinelli announced the arrest of KIYOUNG KIM aka KENNETH KIM of 215A Roff Ave., Palisades Park, New Jersey, on charges of Money Laundering, Theft by Deception and Conspiracy to Commit Theft by Deception. SHANGSU HAN of 1720 Baronet Pl., Fullerton, California, was also charged with Theft by Deception and Conspiracy to Commit Theft by Deception, but is currently at large. Mr. KIM’s arrest and charges against Mr. HAN are the result of multi-year investigations conducted by members of the Bergen County Prosecutor's Office (BCPO), White Collar Crimes Unit under the direction of Chief Carmen MARTINO, and members of the Federal Bureau of Investigation (FBI), Los Angeles Division, under the direction of Assistant Director in Charge Bill L. LEWIS. Members of the Fullerton (CA) Police Department, Crimes Property Unit, under the direction of Chief of Police Daniel HUGHES, are attempting to locate Mr. HAN.

In 2010 and 2011, the Los Angeles FBI and the BCPO White Collar Crimes Unit, respectively, received information from victims of a real estate investment scheme. The victims, who are of Korean ethnicity, alleged that they had invested in excess of $500,000.00 dollars with Mr. KIM and Mr. HAN through their companies called E2WEST CORP. and KOUSA dba FAMILY CLUB, respectively. The victims claimed that they made the investments to purchase shares of a golf resort/condominium complex called “NEST HILL” in the southern island of Jeju in South Korea. The victims had seen numerous advertisements in Korean newspapers and television commercials regarding multiple real estate investment opportunities overseas including South Korea and China, and had even attended investment seminars hosted locally by Mr. KIM and Mr. HAN. The victims had signed contracts with Mr. KIM and Mr. HAN for their investments in NEST HILL. The victim investors have not received any return on their investments as per the contract.

The investigation revealed that although NEST HILL golf resort / condominium complex had existed at one time in the island of Jeju, neither Mr. KIM nor Mr. HAN had ever had any affiliation with the resort complex, nor did they have any contractual agreement to sell any portion of NEST HILL. Information obtained through the assistance of Interpol and South Korean police revealed that NEST HILL ceased its operations as a resort condominium in the fall of 2005 and subsequently changed its name to JEJU HILL RESORT in late 2008 under new management.

Mr. KIM was charged with one (1) count of Money Laundering, one (1) count of Theft by Deception and one (1) count of Conspiracy to Commit Theft by Deception. Mr. HAN was charged with one (1) count of Theft by Deception and one (1) count of Conspiracy to Commit Theft by Deception. The Honorable Jay Kim, J.M.C. set bail for Mr. KIM at $250,000.00 with no 10% option and for Mr. HAN at $100,000.00 with no 10% option. Mr. KIM has been remanded to the Bergen County Jail in lieu of bail. Mr. HAN’s whereabouts are currently unknown.

The investigation is continuing and persons with any information regarding NEST HILL, E2WEST CORP. and KOUSA dba FAMILY CLUB should contact the BCPO White Collar Crimes Unit at 201-226-5678.

Prosecutor Molinelli states that these charges are merely accusations and that the defendants are presumed innocent until and unless proven guilty beyond a reasonable doubt and would also like to thank the Los Angeles FBI and the Fullerton (CA) Police Department for their assistance in this investigation.

BERGEN COUNTY PROSECUTOR'S OFFICE
CHARGE INFORMATION FORM

DEFENDANT: KIYOUNG KIM DOB: 01/21/1960

LAST KNOWN ADDRESS: 215A ROFF AVE., PALISADES PARK, NJ 07650

MARITAL STATUS: MARRIED

OCCUPATION:

ARREST INFORMATION

DATE OF ARREST: JULY 29, 2014

PLACE OF ARREST/TOWN: PALISADES PARK, NEW JERSEY

AGENCIES EFFECTING ARREST: BERGEN COUNTY PROSECUTOR’S OFFICE, WHITE COLLAR CRIMES UNIT
PALISADES PARK POLICE DEPARTMENT

CHARGE AND STATUTE CITATIONS

N.J.S.A. 2C:21-25C, MONEY LAUNDERING, 1ST DEGREE CRIME, ONE COUNT
N.J.S.A. 2C:20-4A, THEFT BY DECEPTION, 2ND DEGREE CRIME, ONE COUNT
N.J.S.A. 2C:5-2A(1)/2C:20-4A, CONSPIRACY TO COMMIT THEFT BY DECEPTION, 2ND DEGREE CRIME, ONE COUNT

ARRAIGNMENT INFORMATION

ARRAIGNMENT DATE: TO BE SET

JUDGE: HONORABLE JAY KIM, J.M.C.

BAIL AMOUNT & CONDITIONS: $250,000.00, WITH NO 10% OPTION AND SURRENDER PASSPORT

PRESENT STATUS: REMANDED TO BERGEN COUNTY JAIL IN LIEU OF BAIL

KIYOUNG KIM

BERGEN COUNTY PROSECUTOR'S OFFICE
CHARGE INFORMATION FORM

DEFENDANT: SHANGSU HAN DOB: 10/17/1971

LAST KNOWN ADDRESS: 1720 BARONET PL., FULLERTON, CA 92833

MARITAL STATUS: MARRIED

OCCUPATION:

ARREST INFORMATION

DATE OF ARREST: JULY 29, 2014

PLACE OF ARREST/TOWN: FULLERTON, CA

AGENCIES EFFECTING ARREST: FULLERTON POLICE DEPARTMENT

CHARGE AND STATUTE CITATIONS


N.J.S.A. 2C:20-4A, THEFT BY DECEPTION, 2ND DEGREE CRIME, ONE COUNT
N.J.S.A. 2C:5-2A(1)/2C:20-4A, CONSPIRACY TO COMMIT THEFT BY DECEPTION, 2ND DEGREE CRIME, ONE COUNT

ARRAIGNMENT INFORMATION

ARRAIGNMENT DATE: TO BE SET

JUDGE: HONORABLE JAY KIM, J.M.C.

BAIL AMOUNT & CONDITIONS: $100,000.00, WITH NO 10% OPTION AND SURRENDER PASSPORT

PRESENT STATUS: WHEREABOUTS UNKNOWN


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LOUIS FALLON CHARGED WITH ARSON 
TO: ALL NEWS MEDIA
FROM: PROSECUTOR JOHN L. MOLINELLI

Bergen County Prosecutor John L. Molinelli announced the arrest of LOUIS FALLON (DOB: 10/17/1939) of 1070 Allessandrini Avenue, New Milford, New Jersey, on charges of Aggravated Arson. The arrest is the result of an investigation conducted by members of the Bergen County Prosecutor's Office Major Crimes Unit – Arson Squad under the direction of Acting Chief Carmen MARTINO, the New Milford Police Department under the direction of Chief Frank PAPAPIETRO and the Bergen County Sheriff’s Office BCI Unit under the direction of Sheriff Michael SAUDINO.

On the morning of July 28, 2014, members of the New Milford Police Department responded to a single family home where an attempt was made to set fire inside a mail slot in the front of the residence. Members of the Bergen County Prosecutor’s Office Major Crimes Unit – Arson Squad and the Bergen County Sheriff’s Office BCI Unit were subsequently requested to the scene for further investigation. Investigation at the scene led detectives to speak with FALLON and conduct a search of his home, resulting in the recovery of additional evidence and FALLON’s arrest.

Louis FALLON was charged with one (1) count of Aggravated Arson. Bail for Mr. FALLON was set by the Honorable Kevin Kelly, J.M.C. at $50,000.00 with no ten percent option, no contact with the victim and the seizure of all weapons as conditions of bail. Mr. FALLON was remanded to the Bergen County Jail in lieu of bail.

Prosecutor Molinelli states that these charges are merely accusations and that the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt and would also like to thank the New Milford Police Department and the Bergen County Sheriff’s Office for their assistance in this investigation.

BERGEN COUNTY PROSECUTOR'S OFFICE
CHARGE INFORMATION FORM

DEFENDANT: LOUIS FALLON DOB: 10/17/1939

LAST KNOWN ADDRESS: 1070 ALLESANDRINI AVENUE, NEW MILFORD, NJ

MARITAL STATUS: WIDOWED

OCCUPATION: RETIRED

ARREST INFORMATION

DATE OF ARREST: 7/28/2014

PLACE OF ARREST/TOWN: NEW MILFORD POLICE DEPARTMENT

AGENCIES EFFECTING ARREST: BERGEN COUNTY PROSECUTOR’S OFFICE, MAJOR CRIMES UNIT – ARSON SQUAD
NEW MILFORD POLICE DEPARTMENT

CHARGE AND STATUTE CITATIONS

ONE (1) COUNT OF AGGRAVATED ARSON 2C:17-1A(1)

ARRAIGNMENT INFORMATION

ARRAIGNMENT DATE: 7/31/2014

JUDGE: KEVIN KELLY, J.M.C.

BAIL AMOUNT & CONDITIONS: $50,000.00, NO 10%, NO CONTACT WITH
VICTIM, SEIZURE OF ALL WEAPONS

PRESENT STATUS: REMANDED TO BERGEN COUNTY JAIL IN LIEU OF BAIL

LOUIS FALLON
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FATAL MOTOR VEHICLE COLLISION INVESTIGATION 
TO: ALL NEWS MEDIA
FROM: PROSECUTOR JOHN L. MOLINELLI

Bergen County Prosecutor John L. Molinelli announced the preliminary results of the ongoing investigation into a fatal motor vehicle collision which occurred on Thursday, July 24, 2014 in Ridgefield, New Jersey. The investigation is being conducted by members of the Bergen County Prosecutor's Office Major Crimes Unit under the direction of Chief Carmen MARTINO and the Ridgefield Police Department under the direction of Chief Thomas J. GALLAGHER.

On Thursday, July 24, 2014, at approximately 1:30 a.m., the Ridgefield Police Department received a report of a motor vehicle collision involving a single motor vehicle which struck a building at the intersection of Broad Avenue and Edgewater Road. A 2014 Honda Civic driven by twenty year old Tamer M. Ammar of Fort Lee, New Jersey was headed north on Broad Avenue when Mr. Ammar lost control of his vehicle, drove into the southbound lane of travel and eventually struck a building. Mr. Ammar and his two male passengers, Miles Reme and James Racanelli, both twenty years old and from Fort Lee, New Jersey, were seriously injured as a result of the collision and were transported to area hospitals. At approximately 2:40 a.m., Miles Reme was pronounced dead at Hackensack University Medical Center.

As a result of a cooperative investigation conducted by members of Bergen County Prosecutor’s Office Fatal Accident Investigation Unit (FAIU) and the Ridgefield Police Department it was determined that Mr. Ammar was driving north in the right hand lane of Broad Avenue when he lost control of his vehicle, mounted the sidewalk on his right hand side and drove through two bus stop sign posts. Mr. Ammar then drove the Honda off the sidewalk, across the roadway and traveled north in the southbound lane of Broad Avenue, eventually driving over the grass median at the intersection of Broad Avenue and Edgewater Road and head-on into the exterior wall of a commercial business at 579 Broad Avenue. The collision scene, from the bus stop sign posts to the building where the Honda came to rest, measured approximately 1400 feet in length.

Mr. Ammar is in very serious condition and has been admitted at St. Joseph’s Medical Center in Paterson, New Jersey and Mr. Racanelli, also in serious condition, has been admitted at Hackensack University Medical Center.

This remains an ongoing investigation.

Prosecutor Molinelli would like to thank the Ridgefield Police Department and the Bergen County Sheriff’s Office for their assistance in this investigation.

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