Fatima Perez, 41, of Camden was reported missing Monday. Her body was discovered Wednesday in Monroe on the fringe of the New Jersey Pine Barrens.
Carlos Alicea-Antonetti, 36, who had done landscaping for Perez, and Ramon Ortiz, 57, were arrested before her body was found.
Alicea-Antonetti allegedly told police he agreed to drive Perez to buy a car Monday. Family members said she had about $8,000 cash on her for the purchase, while police said they seized $7,000 from the two suspects.
Ortiz and Alicea-Antonetti allegedly buried Perez alive in a wooded area and covered her with lime. After burying her, they used branches to hide the grave, investigators said in a probable cause statement.
"For a woman of her character and stature to have died in this manner is horrible and very traumatic to her family," Camden County Prosecutor Warren Faulk said in a statement.
The two men appeared in court in Camden, where a judge set bail at $5 million each Thursday afternoon.
2014: NFL Cheerleaders [PHOTOS]
79-year-old woman survives in desert for 5 days