Money-strapped New Jersey tech boss Paul Caneiro was paying for 5 luxurious automobiles — together with one for his mistress — when he was confronted by his brother for swiping $80,000 from him hours earlier than he was murdered, based on prosecutors.
Paul Caneiro was shelling out money for leases on three Porsches, a mortgage for a Jeep Wrangler and a lease for his lover’s Audi Q5 SUV — for which he dished out over $85,000 in funds in 2017 and 2018 — all whereas his tech companies have been tanking and he was on incapacity pay.
He allegedly swiped $78,000 from his youthful brother and enterprise accomplice, Keith Caneiro, who furiously confronted his sibling concerning the lacking cash simply hours earlier than he was murdered in 2018.
Surveillance video was performed in court docket Tuesday during which Keith might be heard yelling at his brother to offer him the login data for Keith’s belief fund — which Paul was the trustee of.
“Give me the f–king login, Paul,” demanded Keith, who will not be seen within the video. “Simply give me the login so I can see the place the cash went.”
“Wake the f–okay up, Paul. I simply spent half the day in search of this,” Keith stated. “I must know the place it went.”
Keith then gave Paul till 8 p.m. to get again to him with the login data.
However Paul by no means bought again to him, as a substitute plotting to kill his brother and his brother’s household hours later, prosecutors alleged.
Prosecutors beforehand stated they deliberate to introduce proof that Paul — a married dad — pilfered the cash from Keith to assist fund his affair, together with paying for his mistress’ Audi, based on a report by NJ.com.
Whereas the jury hasn’t but heard proof concerning the alleged dalliance, Det. Debra Bassinder, an investigator with the Monmouth County Prosecutor’s workplace, testified that Paul in 2018 made funds of practically $10,000 on a $53,000 lease for the Audi Q5.
Paul co-owned two corporations along with his brother, tech agency Sq. One and extermination firm EcoStar. However the companies have been struggling — and Paul was on incapacity.
In the meantime, Paul’s bills ballooned to greater than $400,000 in 2017 and greater than $300,000 in 2018. He additionally owed a hefty tax invoice for which he paid practically $55,000 in these two years and his financial institution accounts repeatedly went into the purple, Bassinder advised jurors.
Paul additionally paid a whole lot of 1000’s in bank card payments over these two years and he had taken out loans from his retirement fund, the detective stated.
These cash issues prompted Paul to dip into Keith’s belief fund meant to pay premiums on Keith’s $3 million life insurance coverage coverage, prosecutors alleged.
Paul allegedly went to Keith’s home within the early hours of Nov. 20, 2018, chopping the electrical energy and generator to Keith’s residence and “ready within the shadows” exterior to ambush the sibling when he got here out to examine on the ability, prosecutors claimed.
After capturing Keith, Paul then went inside and shot and stabbed Keith’s spouse Jennifer, 45, earlier than repeatedly stabbing their children, Sophia, 8, and Jesse, 11, prosecutors alleged.
Paul pleaded not responsible and is anticipated to be on trial for the following 2 1/2 months.
