Skip to main content

Democrat power broker, donor charged with racketeering https://ift.tt/Cw4mFS9

A prominent Democrat power broker is facing racketeering and other charges in New Jersey, the state's attorney general revealed Monday.

Businessman George Norcross is facing the charges in connection to government-issued tax credits. State Attorney General Matt Platkin alleged Norcross and others got property rights along the state's Camden waterfront and collected millions of dollars in state-backed tax credits.

Prosecutors say Norcoss and his associates "used their political influence to tailor New Jersey economic development legislation to their preferences. After the legislation was enacted in September 2013, members and associates of the Norcross Enterprise conspired to, and did, extort and coerce others to obtain — for certain individuals and business entities — properties and property rights on the Camden, New Jersey waterfront and associated tax incentive credits."

The indictment further alleges that Norcross "led a criminal enterprise whose members and associates agreed the enterprise would extort others through threats and fear of economic and reputational harm and commit other criminal offenses to achieve the enterprise's goals."

NEW JERSEY REVIEWING TRUMP GOLF COURSES' LIQUOR LICENSE AFTER FELONY CONVICTION

The indictment also charges Norcross’ brother Philip, a lobbyist; lawyer Bill Tambussi; former Camden Mayor Dana Redd; Sidney Brown, the CFO of trucking company NFI; and John O’Donnell, a northern New Jersey businessman, according to Politico.

Norcross never held elected office himself but nevertheless wielded massive power in New Jersey politics. He was also a key member of the state's Democratic National Committee.

NEW DOCS SHOW BRAGG SPENT $1M ON ATTORNEYS TO BLUNT HOUSE PROBE OF TRUMP CASE AMID CITY BUDGET CUTS

Norcross was known to be friends with powerful Democrats such as former House Speaker Nancy Pelosi, among others.

Another of Norcross' brothers, Donald, is a member of the House of Representatives. He was not named in the indictment.

The Associated Press contributed to this report.



Labels:

Comments

Post a Comment

Popular posts from this blog

FAA approves the first fully automated commercial drone flights, letting Massachusetts-based American Robotics operate its drones in rural areas below 400 feet (Wall Street Journal) https://ift.tt/3oQGbvc

Wall Street Journal : FAA approves the first fully automated commercial drone flights, letting Massachusetts-based American Robotics operate its drones in rural areas below 400 feet   —  American Robotics granted permission to operate drones without hands-on piloting  —  U.S. aviation regulators have approved …
Post a Comment
Read more

Brazil says Huawei won't be a supplier on its upcoming 5G and private federal network bid, but is not barred from operating elsewhere in the country (Angelica Mari/ZDNet) https://ift.tt/3qIP4r5

Angelica Mari / ZDNet : Brazil says Huawei won't be a supplier on its upcoming 5G and private federal network bid, but is not barred from operating elsewhere in the country   —  The Chinese firm is not considered to be apt to supply equipment to the government's own set-up, to be built by the winners of the upcoming 5G auction.
Post a Comment
Read more

Fujitsu eyes 20 potential M&A targets as part of a five-year $5.8B plan aiming to strengthen its digital services and capitalize on US-China trade disputes (Kana Inagaki/Financial Times) https://ift.tt/3htYmnJ

Kana Inagaki / Financial Times : Fujitsu eyes 20 potential M&A targets as part of a five-year $5.8B plan aiming to strengthen its digital services and capitalize on US-China trade disputes   —  Shortlist is part of investment push to hasten group's pivot to digital services  —  Fujitsu has drawn up a shortlist …
Post a Comment
Read more