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In a complaint filed in New Jersey Superior Court, New Jersey Attorney General Gurbir Grewal alleges that Sandy J. Masselli, Jr., of Old Bridge, told investors that the money they invested in his Carlyle Gaming & Entertainment Ltd, and its successor company, Carlyle Entertainment, Ltd. (collectively the "Carlyle Companies") would be used for proper corporate purposes. However, according to the complaint, Masselli, used more than $1.3 million of the investor funds for the personal benefit of himself and his family, including his

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