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Jury: South NJ developer stole more than $1M

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TOMS RIVER, N.J. (AP) - A southern New Jersey developer has been convicted of deceiving investors and stealing more than $1 million connected to building projects.

David Haugland of Stafford Township faces up to 30 years in prison when he's sentenced April 4. An Ocean County jury convicted him Friday on two counts of theft and one count of attempted theft, but couldn't reach a verdict on a money laundering charge.

Prosecutors say the 41-year-old Haugland worked in the Long Beach Island region. The charges stemmed from business activities connected to three construction or proposed construction projects in that area.

The jury found Haugland deceived 12 investors about the projects. They also found he tried to get a mortgage loan in excess of $75,000 by providing false information to a bank.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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