Man defrauded 30 people out of over $5M, authorities say

A Monmouth County man was charged Friday with allegedly defrauding at least 30 victims of more than $5 million in a decades-long scheme. Vincent Dispoto Jr., 66, of Belmar, was charged with one count of wire fraud, U.S. Attorney Philip R. Sellinger said Friday. Dispoto owned and operated Giddeon Financial Services, a purported investment services firm, and Liberty…