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Huge Corruption Sweep In New Jersey
Headline Legal News |
2009/07/23 10:23
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According to Courthouse News, the mayors of Hoboken and Secaucus were arrested today, along with a state assemblyman and dozens of others in an FBI investigation of political corruption. Those arrested included the commissioner of the state's Department of Community Affairs and several rabbis, according to wire reports.
The US Attorney's Office in Newark said it would elucidate things at an afternoon press conference. Among those arrested, according to The New York Times, were Joseph Doria Jr.,commissioner of the New Jersey Department of Community Affairs and a former mayor of Bayonne; Hoboken Mayor Peter Cammarano III; Secaucus Mayor Dennis Elwell; Assemblyman Dan Van Pelt of Forked River; and rabbis from Deal and Elberon, N.J., and Brooklyn.
The investigation involves the Deal Yeshiva, a religious school, according to the Asbury Park Press. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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