Cherry Hill Man Sentenced In $2.4M Philly Eagles Seat License Scheme

CHERRY HILL, NJ – A Camden County man was sentenced last week to four years in prison for defrauding a victim of almost $2 million as part of a fraudulent investment scheme, federal officials said.

Frank N. Tobolsky, 60, of Cherry Hill, previously pleaded guilty before U.S. District Judge Noel L. Hillman to one count of wire fraud, U.S. Attorney Philip R. Sellinger said.

Judge Hillman imposed the sentence Thursday in Camden federal court. Hillman also sentenced Tobolsky to three years of supervised release and ordered to pay $1.98 million in restitution to the victims.

Since 2013, Tobolsky collected money from a victim, purportedly as an investment that would loan money to season ticket holders who owned seat licenses for the Philadelphia Eagles, according to documents filed in the case and statements made in court.

The seat licenses were to be used as collateral to secure the loans, Sellinger said, with the victim sending Tobolsky around $2.4 million to invest in the purported business venture. However, the money was not ultimately used for loans to season ticket holders.

Instead, Tobolsky used a substantial amount on personal expenses, Sellinger said.

Sellinger credited postal inspectors of the U.S. Postal Inspection Service, Philadelphia Division, under the direction of Acting Inspector in Charge Raimundo Marrero, with the investigation leading to Tobolsky’s sentencing. He also thanked the U.S. Attorney’s Office for the District of Delaware for aiding in the investigation.