An Egg Harbor Township business owner was arrested by township police Thursday and charged with issuing bad checks and theft by deception.

Detective Ray Theriault said Tracy Blumenstein, who owns Professional Boat Sales, Service and Storage in Egg Harbor Township, took boats in trade at his business and re-sold them without paying off loans. He said police began an investigation in October following a tip and have identified four victims so far.

Blumenstein was charged with issuing bad checks in the amount of $33,000, after complaints were signed by an individual regarding the sale of his boat, police said.

Theriault said an employee of Blumenstein’s is likely to face charges but he did not release his name.

Blumenstein was taken to Atlantic County jail and released on bail Thursday.

Anyone with additional information should call police at 609- 926-4051.

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