In the 1990s, the president of Adelphi University was accused of receiving excessive compensation and forced from office. Since then, the leaders of American, Towson, Texas Southern and other endowment-poor universities have also crashed to earth after plunging their institutions into turmoil for similar excesses.

Now, charges are swirling over Stevens Institute of Technology in Hoboken, N.J. The state attorney general has sued the institute and its president, Harold J. Raveché, accusing him of plundering the endowment and receiving $1.8 million in illegal low-interest loans for vacation homes, with half of them later forgiven.

The former head of the Hoboken Parking Utility, who authorities say conspired with a Toms River man to steal coins from meters, has been indicted by a state grand jury.

John P. Corea, 45, used his position as head of the municipal parking authority in Hudson County to skim more than $600,000 from meters over the course of nearly three years beginning in June 2005, according to authorities. The indictment, handed up Friday, charges him with first-degree counts of conspiracy and money laundering as well as official misconduct, theft and misapplication of government property.

For Immediate Release: December 11, 2009

Office of The Attorney General
- Anne Milgram, Attorney General
Division of Criminal Justice
- Deborah L. Gramiccioni, Director

Former Director of Hoboken Parking Utility Charged with Conspiring with Contractor to Steal More than $600,000 in Parking Meter Funds from City of Hoboken Contractor from Toms River pleaded guilty to stealing more than $1.1 million

View indictment pdf

TRENTON – Attorney General Anne Milgram announced that John P. Corea, former director of the Hoboken Parking Utility, was indicted today on charges that he conspired to steal more than $600,000 in parking meter revenue that he allegedly split with a Toms River contractor whose company was hired by the City of Hoboken to collect coins from city parking meters.

John Corea, former director of the Hoboken Parking Utility, was indicted today on charges that he stole $600,000 from Hoboken. He is shown in January demonstrating parking in the re-opened robotic public parking garage on Garden Street in his own Corvette. The former director of the Hoboken Parking Utility has been indicted on charges he conspired to steal more than $600,000 in parking meter revenue.

State Attorney General Anne Milgram announced the indictment against John Corea, 45 of Hoboken, today.

The Jersey Journal's Jarrett Renshaw reports that the state's criminal investigation of Hoboken's top construction code official has now expanded to at least one neighboring municipality.

The Attorney General's Office issued a subpoena for records from Weehawken's Building Department earlier this week, Renshaw reports. The Attorney General's Office ordered Weehawken's Building Department to turn over documents by Sept. 17 related to its oversight of construction projects in neighboring Hoboken, according to Weehawken township attorney Rick Venino. Read more about the investigation into Arezzo here.

State Police grab documents in Arezzo probe

The Jersey Journal's Jarrett Renshaw is reporting that State Troopers from the Organized Crime Unit went to City Hall yesterday and seized documents from Construction Code Official Al Arezzo's office.

In addition, sources have told Renshaw that a grand jury has been convened in connection with the probe.

State Attorney General Stuart Rabner, who has promised to slay the public-corruption dragon, on Wednesday revealed his view of how to snare such targets: "You catch a lot of frogs before you've got a prince."

Rabner, seven weeks and a day into his job, told reporters that indicting public officials takes time, with good and not-so-good leads, followed by investigations and eventual cases.

Attorney General Stuart Rabner has asked the State Police to join the fight against public cor ruption by having troopers in their organized crime bureau focus on developing cases, tripling the number of investigators sniffing out crooked pols.

"The key to it all is building a more stable base of leads," Rabner said during a sit-down with reporters yesterday in his Hughes Justice Complex office in Trenton. "The first stop for me ... is the State Police."

Bob Ingle Blog
http://bobingle.blogspot.com/
Saturday, October 07, 2006

And Now The Legislature Is Targeted

U. S. Attorney Chris Christie's office has asked the Office of Legislative Services how subpoenaes can properly be served on lawmakers in Trenton. Looks like Christie's net is spreading.

Perhaps he has in mind a RICO indictment for the entire bunch. That would be a perp walk no one would want to miss -- all of 'em led out of the Statehouse in cuffs to the cheers of thousands.
posted by Bob Ingle at 11:04 AM

Ed Mecka Comments:  Earlier today, Bob Ingle's story was confirmed to me by a highly placed state official. 

The NJ State Attorney General and the Federal Attorney General are working together on this corruption investigation.

I have provided a brief overview of the Racketeer Influenced and Corrupt Organizations Act , also known as R.I.C.O., for educational purposes only.  

Legal scrutiny of state Sen. Wayne Bryant's mixing of business and politics is broadening with new state and federal subpoenas issued this week, according to published reports.

Bryant, a Democrat, resigned his post as chairman of the state Senate's powerful budget committee after a federal monitor's report earlier in the month found that he had held a no-work, $38,000-a-year job for the University of Medicine and Dentistry.