FBI Newark Announces the Arrest of Fugitive Steven Nacim
NEWARK, NJ—Acting Special Agent in Charge Bradley W. Cohen of the Newark Division of the Federal Bureau of Investigation (FBI) announced today that Steven Nacim, 50, was arrested in Newark, New Jersey on Friday, March 23, 2018. A federal arrest warrant was issued on July 31, 2002 by the United States District Court, Newark, New Jersey, after Nacim was charged with wire fraud, conspiracy to commit wire fraud, bank fraud, and conspiracy to commit bank fraud. The total amount of the fraud was approximately $2.8 million.
“I want to thank the hard-working special agents and law enforcement officials who have been involved with this investigation over the past 16 years,” stated Acting Special Agent in Charge Bradley W. Cohen. “Their unwaning efforts and dedication led to the arrest of Mr. Nacim which will now allow for the criminal justice process to continue in this case.”
Nacim is currently in custody in New Jersey and his initial appearance will be today before U.S. Magistrate Judge Cathy L. Waldor.
The public is reminded that indictments contain only allegations of criminal misconduct and that defendants are presumed to be innocent unless proven guilty in a court of law.