Advanced Knee Pain Treatment in Colts Neck, NJ

Jersey Freeze, the landmark Monmouth County restaurant, will open a new ice cream store in Colts Neck this summer, the start of an expansion plan to add more ice cream locations and attract franchisees.

The new Jersey Freeze shop will open in a former ice cream shop at The Orchards at Colts Neck, a shopping center at the corner of Routes 34 and 537, said restaurateur Matthew Borowski, who has partnered with Jersey Freeze owners Matt Cangialosi and Katie DiNonno, for the expansion.

"I wanted to bring something positive and awesome to the neighborhood," said Borowski, co-owner of 618 restaurant in Freehold and owner of Mezcal in Old Bridge.

The new Colts Neck shop will be Jersey Freeze's third location after it opened at Bell Works in Holmdel in 2020.

It's another step forward for Jersey Freeze, a Monmouth County favorite which was founded by the Blackmore family in 1952. DiNonno, who worked at the restaurant since she was in her teens, and Cangialosi, purchased Jersey Freeze from Bruce Blackmore, the second generation family owner in 2014.

Jersey Freeze is rooted in Shore lore. It's a favorite of rocker Bruce Springsteen who typically orders a soft vanilla cone dipped in chocolate.

Now the pair has partnered with Borowski to fuel Jersey Freeze's next steps. "We're all young entrepreneurs looking to grow and expand what we think to be a nationwide brand," Borowski said. "It's probably the most famous ice cream shop in the tri-state area."

Borowski said Jersey Freeze in Bell Works will go through a "light remodel to showcase the newly refreshed design for what Jersey Freeze is going to look like." The new stores will focus on ice cream, including soft and hard ice cream, cakes and novelties. Jersey Freeze's home base in Freehold includes a full restaurant.

"We're probably going to open anywhere between five to 10 ice cream shops, then we're just going to franchise," Borowski said.

Currently, they are looking for locations in Monmouth, Ocean, Mercer and Essex counties. "Right now, we're actively looking for more places and we've actually been asking a lot of our audience where they would like to see a Jersey Freeze," Borowski said.

Plans are in the early stages. "We have big dreams," Borowski said. "We want to make Jersey Freeze not just a Jersey known name. We want to be kind of like Jersey Mike's, a nationwide name."

The possibilities include bringing Jersey Freeze to Florida or the Carolinas. "Anywhere one of our partners wants to grow the franchise, we'll be looking too offer them that."

Other ideas include a Jersey Freeze ice cream truck and ice cream carts for private parties. "We want to keep Jersey Freeze a family-owned business." Borowski said. "We want to keep it relevant with the times and grow with the generations."

David P. Willis, an award-winning business writer, has covered business, retail, real estate and consumer news at the Asbury Park Press for 27 years. He writes APP.com's What's Going There column and can be reached at dwillis@gannettnj.com. Please sign up for his weekly newsletter and join his What's Going There page on Facebook for updates.

Colts Neck, it's time for your close-up.

The trailer for the Bruce Springsteen biopic “Deliver Me from Nowhere,” starring Jeremy Allen White, will be delivered on Wednesday, June 18.

A Disney 20th Century Studios teaser was dropped at noon on Tuesday, June 17, and it shows a cassette being put into a tape player. The cassette reads “Colts Neck — Demo” and the song it plays is an acoustic version of “Born in the USA.”

The film, based on the book “Deliver Me from Nowhere: The Making of Bruce Springsteen's Nebraska” by musician Warren Zanes, is scheduled to be released by Disney's 20th Century Studios on Friday, Oct. 24.

The tracks for Springsteen's hit “Born in the USA” were created around the same time as the lo-fi classic “Nebraska,” which was released in 1982.

The “Nebraska” songs were recorded in a rented home on Swimming River Road in Colts Neck.

“It's about a very specific time in Bruce's life,” said White to the Associated Press last month. “It's a period in which he finished 'The River' tour and he's locked up in Colts Neck and he's writing 'Nebraska,' so it's him by himself there for a lot of time.

"It's about the writing process and the creative process. We finished it in January and Bruce was there a lot of time. Jon Landau, his manager was there a lot of time. They seemed happy and that makes me happy.”

Location filming for “Deliver Me from Nowhere” took place primarily in New Jersey, including shoots in Asbury Parkand Freehold, over the winter.

White does his own singing in the film. Scott Cooper is the director.

Chris Jordan, a Jersey Shore native, covers entertainment and features for the USA Today Network New Jersey. Contact him at cjordan@app.com

3-Red Bank Catholic (18-3) vs. 5-Colts Neck (11-8)

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Parmjit Parmar, 55, of Colts Neck, pleaded guilty to conspiracy to commit securities fraud in Newark federal court, authorities said.

Sara Winick, Patch Staff

COLTS NECK, NJ — The former CEO of a publicly traded healthcare services company has admitted to his role in an elaborate investment fraud scheme, U.S. Attorney Alina Habba said Wednesday.

Parmjit Parmar (AKA “Paul Parmar”), 55, of Colts Neck, pleaded guilty to conspiracy to commit securities fraud before U.S. District Judge Madeline Cox Arleo in Newark federal court, Habba said.

Alongside Parmar, Sotirios Zaharis (AKA "Sam Zaharis") and Ravi Chivukula were also charged in the case, though authorities said the charges against Zaharis and Chivukula remain pending.

From May 2015 through September 2017, authorities accuse the three of orchestrating a scheme to defraud a private investment firm and others out of hundreds of millions of dollars in connection with the funding of a transaction to take a healthcare services company (only identified as Company A) private, which was traded publicly on the London Stock Exchange’s Alternative Investment Market.

To fund the transaction, authorities said the private investment firm put up about $82.5 million, and a consortium of financial institutions put up another $130 million for a total of about $212.5 million.

Find out what's happening in Marlboro-Coltsneckfor free with the latest updates from Patch.

The scheme used fraudulent methods to grossly inflate the value of Company A and trick others into believing that the company was worth more than its actual value, Habba said.

Authorities said Parmar and his accused co-conspirators sought to raise tens of millions of dollars in the public markets, purportedly to fund Company A’s acquisitions of various operating subsidiaries.

In actuality, a number of those entities either didn’t exist or had only a fraction of the operating income attributed to them, Habba said.

The three are accused of funneling the proceeds of these secondary offerings through bank accounts they controlled and using the money for purposes that had nothing to do with acquiring the purported targets, authorities said.

Authorities said they then went to great lengths to make it seem like these funds were revenue, concocting phony customers and altering bank statements to make it appear as if the funds were coming from customers.

To perpetuate the scheme, authorities accused the three of falsifying and fabricating bank records of subsidiary entities to generate a phony picture of Company A’s revenue streams, and making misrepresentations and omissions to the private investment firm and others.

These actions led to victims valuing Company A at over $300 million for purposes of financing the transaction to take Company A private, Habba said.

The scheme was uncovered in September 2017, when Parmar, Zaharis, and Chivukula resigned from their positions with Company A or were terminated.

On March 16, 2018, Company A and multiple of its affiliated entities filed for bankruptcy, officials said, attributing the company’s financial demise, in large part, to the fraud scheme.

The conspiracy to commit securities fraud charge that Parmar has pleaded guilty to carries a maximum penalty of five years in prison and a $250,000 fine, Habba said.

Pursuant to the terms of his plea agreement, Parmar has also agreed to the forfeiture of certain properties and the contents of several bank accounts, according to authorities. The court must order that Parmar also pay restitution to any victims of his offense.

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