John Corea - Former Parking Utililty Director Indicted on $600K theft

It looks like some progress has finally been made on the missing money ($600K) from the Hoboken Parking Utility accodign to NJ.com's Hoboken Now news blog. Former director John Corea has been indicted on charges that he consipired to steal more than $600,000 in parking meter revenue according to State Attorney General Anne Milgram who announced this today.

Corea allegedly split the revenue with a Toms River contractor, Unite Textile Fabircators LLC, which was hired to collect coins from the meters. A state grand jury indicted Corea with first-degree charges for conspiracy and money laundering and second-degree charges of official misconduct, theft by unlawful taken and misapplication of government property.

The rest of the story from Melissa Hayes on NJ.com can be accessed in the link below:

http://www.nj.com/hobokennow/index.ssf/2009/12/former_hoboken_parking_utility.html

My comments: Is it just me or are there a rash of criminal indictments this week. I guess Santa is finding out who is being naughty as little ahead of schedule. Of course, as always, innocent until proven guilty should be the case in each of these stories. ◦

John Corea - Former Parking Utililty Director Indicted on $600K theft