Source of bail money questioned in illegal Wildwood rentals case - pressofAtlanticCity.com: Breaking News

Source of bail money questioned in illegal Wildwood rentals case - pressofAtlanticCity.com: Breaking News

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Source of bail money questioned in illegal Wildwood rentals case

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Posted: Wednesday, August 21, 2013 7:03 pm

CAPE MAY COURT HOUSE — A judge will decide if the bail money paid on behalf of a Wildwood man charged with renting properties to young adults that were both uninhabitable and did not belong to him came from a legitimate source.

James J. Georginis was held on $70,000 bail after his June arrest. An acquaintance then paid $3,000 to a bail bonds company, but the Cape May County Prosecutor’s Office has asked for a bail source hearing to determine if the money was the proceeds of any alleged illegal activity.

Georginis, 43, is charged with second-degree theft by deception, which alleges a theft of $75,000 or more.

At the time of his arrest, authorities said Georginis advertised properties in North Wildwood, Wildwood and Wildwood Crest online to young adults for summer rentals. When the people arrived the units were either locked or uninhabitable, Prosecutor Robert Taylor said.

Taylor also said at the time that many of the properties were also owned by people who did not authorize Georginis to rent them.

Defense attorney John Tumelty said Wednesday that the hearing before Superior Court Judge Patricia Wild has not yet been concluded.

Prosecutor Meg Hoerner represents the state.

Contact Trudi Gilfillian:

609-463-6716

TGilfillian@pressofac.com

© 2014 pressofAtlanticCity.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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