EXCLUSIVE REPORT: A day trader from Franklin Lakes was taken into custody at the Borgata in Atlantic City yesterday on a warrant charging him with owing $450,000 in child support.
Frank Michael Cerisano, 46, remained held in the Bergen County Jail this morning pending a court hearing.
The New Jersey State Police Casino Unit took Cerisano into custody before turning him over to Bergen County sheriff’s officers.
He was carrying $9,527, they told CLIFFVIEW PILOT .
According to the New York Post, Cerisano recently lost $22.7 million in futures trading on an error by a discount brokerage firm ( SEE: Incorrect date costs broker nearly $23M in liabilities ).
Records show that he was required to pay $51,000 a month in support for his daughter.
MUGSHOT: Courtesy BERGEN COUNTY SHERIFF
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