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Former Parking Director Pleads Guilty to $600,000 Theft of Meter Funds

John Corea pleaded guilty on Friday, according to a press release from Attorney General Paula Dow.

 

Former Hoboken Parking Utility Director John Corea pleaded guilty to official misconduct for his role in the theft of $600,000 from parking meters, according to Attorney General Paula Dow.

Corea conspired with a Toms River contractor whose company was hired by the City of Hoboken to collect coins from city parking meters, according to Dow's statement.

"This defendant corruptly exploited his public office, at a high cost to the City of Hoboken," Dow said in a statement. "We are seeking a lengthy prison sentence for this flagrant betrayal of trust."

Corea, 47, pleaded guilty to superior judge to Francis Hodgson Jr. in Ocean County. Corea will be sentenced in February.

Dow announced that she will be recommending that Corea be sentenced to eight years in state prison, including three years of parole ineligibilty. She also announced that he must pay $300,000 in restitution to the City of Hoboken and will never be allowed to have public employment in the state of New Jersey.

According to the Attorney General, Corea admitted that, as director of the Hoboken Parking Utility, he steered three separate no-bid contracts to United Textile Fabricators to collect, count and manage the coins from the city’s parking meters. He admitted that he made false statements to the city council about the qualifications and experience of the company, which is a coin-operated arcade game manufacturer. 

He further admitted that he came to believe that United Textile and its owner, Brian Petaccio, 51, of Toms River, had stolen a substantial amount of the city’s parking revenues, but didn't notify the city.

Petaccio pleaded guilty on Sept. 30, 2009 to stealing $1.1 million from Hoboken parking meters between June 2005 and April 2008.

After an audit in 2007 uncovered parking revenue shortfalls, Petaccio and his company returned approximately $575,000 to the city, according to the attorney general.  Petaccio admitted during his guilty plea that he diverted an additional $600,000 that was not reported to the city. Petaccio will also be sentenced in February.

InfotainMe

4:00 pm on Monday, December 19, 2011

Funny, 2 news "reports" on parking in Hoboken and neither of them thought to mention Correa and the glory days of the HPU. Whatta joke.

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Jabberwock

4:46 pm on Monday, December 19, 2011

what's the joke? Those other ridiculous stories had nothing to do with theft of meter funds, so why should Correa and the 'glory days' have been mentioned in those stories? A little over zealous, no? Neither of those stories mentioned '$5 bucks a tow' either, so what? They were just fake, paid for "news" stories anyway, but, should any story about parking include a mention of Correa? Should the coverage of the weekend fire have mentioned the arson fires that happened in the 70s & 80s? Patch isn't a blog, so drawing the line between something that happens today and how corrupt previous administrations have been for years doesn't necessarily belong in the story, but rather in 'editorial comments.' Patch doesn't include an editor's comment on their included stories. With that said, I'm glad to see this justice for the people of Hoboken , but I'm not holding my breath on us getting the 300K restitution...sounds eerily similar to something else...

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hobokenhorse.com

6:27 pm on Monday, December 19, 2011

Million Dollar Theft - the video at Mile Square View

http://hobokenhorse.com

the corruption ain't dead, not just yet

Hobbs

4:26 pm on Monday, December 19, 2011

Hoboken's Culture Of Corruption.

Anyone think that this all happened in a vacuum and only two guys were involved ?

Remember the public outcry that went out when Mayor Roberts put Corea, a guy who was banned from life from trading on Wall Street in charge of the Parking Authority ? Many think it was done as part of a deal to secure votes from Correa's friends for Roberts re-election campaign

Remember when the $1,100,000,00 in quarters went missing from the parking meters how fast Councilmembers Castellano and Russo were so very ready to accept the explination of their friend John Corea that it was just a clerical mistake ? Hmmm.

Remember when United Textiles that Corea found and hired in a no bid contract way down in south Jersey was linked to organized crime ?

AAH and another court ordered $300,000.00 fine to be paid to Hoboken....we all know by know how convicted felon and former mayor Anthony Russo is said to have delt with his $300,00.00 in fines.... he transfered his large real estate holdings to a family trust and said he gamble daway the cash he took away in Atlantic City then plead poverty to the court and put a a few bucks a month payment plan.

Bet you a quarter some take on that scenario gets played out again.

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Lane Dastardly

11:16 pm on Monday, December 19, 2011

Should be about time for a snapshot of lil' Russo and Castellano against that white wall Corea's on above?

pied piper

4:41 pm on Monday, December 19, 2011

575k paid back?
Anyone every hear of the city getting 575k back from the hoboken parking quarters theft?
How deep did this corruption go?

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Anthony

4:47 pm on Monday, December 19, 2011

What a douchebag. I am no HPA or Sacs fan but as far as I can tell its just his policies that cost residents not his own personal greed at the expense of the city. Lock this Corea's ass up.

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Iman

4:57 pm on Monday, December 19, 2011

Another POS that ripped the city off. Voters, wake up and vote all of these bastards out!!

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Reformerus_Gianticus

5:12 pm on Monday, December 19, 2011

Another friend of the Russos and Prosbus behind bars for political corruption. I don't think the AG and or the FBI is done yet. And Prosbus has the nerve to call Nancy Pincus unethical. Prosbus should take a good look in the mirror at his/her political friends who are going to jail before projecting his/her own behavior on others.

You can disagree with Ian Sacs on simply enforcing the pakring regs that are already there but with him at the helm the quarters stopped disappearing.

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hobokenhorse.com

5:12 pm on Monday, December 19, 2011

More on this story with the full details from the Office of the NJ Attorney General:

http://hobokenhorse.com

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Reformerus_Gianticus

5:21 pm on Monday, December 19, 2011

Oh and John Corea was director of the Parking Authority when Frank Raia created this Jerseylicious gem of a camaign video:

http://www.youtube.com/watch?v=3mF8zeGBM2w

Frank Raia couldn't find parking then and it is hard to find it now. So what has changed? Oh yeah thats right Beth Mason bought a lot of media and got Faux News to do a hit piece on the current parking director because she doesn't like him. At least the revenue he is raising with his enforcement is staying in Hoboken and not going to some Mob outfit in Tom's River courtesy of a no bid contract.

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Hobbs

5:24 pm on Monday, December 19, 2011

One can also see the long sorted intertwined history of John Corea, Mayor Roberts, Hoboken First in the archives The Hoboken Reporter.

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HobokenTownie

5:37 pm on Monday, December 19, 2011

Where are all the B n R folk singing his praises now?

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Hobbs

6:54 pm on Monday, December 19, 2011

The Hudson Mile Square View has video of John Corea in front of the Castellano City Council.

Watch the man lie through his teeth and his Council friends nod in agreement

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Khoboken

7:42 pm on Monday, December 19, 2011

FInally, some perspective on why Ian Sacs is hated so much. He put a stop tot eh gravy train. "Eff those damn muni meters. If he wont quit, we will have him falsely arrested and then get hit jobs done by overpaying for political jobs on douche bag local news stations. He will have to leave and then we can re-claim what is rightfully ours! We will crush him!" Overheard at the new secret location of the Russo Civic Association. That Ma $5 a Tow was quoted by FOX is beyond ironic and just pathetic.

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Redrider765

7:44 pm on Monday, December 19, 2011

Any story that has the Russos and Mason as their primary sources is a story that should be ignored.

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nice try

10:05 pm on Monday, December 19, 2011

The Million Dollar Quarter Coverup:
"In a City Council meeting on Dec. 6th 2007 Concilman Russo states that he's discovered $1 million in missing quarters from Hoboken parking meters. Russo demands an investigation. Two weeks later Councilman Russo and Hoboken's Parking Director, family friend John Corea, backpedal on Councilman Russo's discovery and attempt to cover up by stating that an internal audit finds only $34.61 in missing parking revenue. In spite of questions and protest from members of the public and other council members, Councilman Russo and his cousin, Councilwoman Theresa Castellano, insist that the matter has been cleared-up."

The Million Dollar Quarter Coverup (http://russocorruption.com/#Quarters)
Links:
Video excerpts of Dec. 6 2007 City Council meeting where Councilman Russo announces the missing money, and the Dec. 9 2007 Council meeting where Councilman Russo, Parking Director John Corea and Councilwoman Castellano backpedal and insist there is no missing money and that everything has been cleared up. Link
Hoboken Reporter Article, July 23 2008 by Timothy Carroll, describing the investigation into the missing money and describing Parking Director John Corea's checkered past. Link
Hoboken Reporter article Dec. 11 2009 detailing Parking Director John Corea's indictment. Link

pied piper

9:17 pm on Monday, December 19, 2011

Am I reading this correctly? United Textile Fabricators was hired to collect and count quarters for the city? Textile fabricators? Russo Castellano and crew were ok with Textile fabricators being hired to count and collect money for the city. Really?

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Hobbs

9:45 pm on Monday, December 19, 2011

YEP ! Really.

The no bid contract part didn't bother them a bit either.

Apparently even when Russo and Castellano's good friend Corea stood in front of the City Council and said trust me the missing million bucks in the audit was all just a silly clerical error they were just fine with it and didn't require any additional information. :-)

The question is will now Corea play let's make a deal for a lighter sentence.

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mcgato

10:01 pm on Monday, December 19, 2011

I'm guessing that it was just business as usual at that time. The only reason the missing million dollars came up was because Russo was not cut in on the deal. After the missing million dollars was brought up at council, I'm guessing that Corea finally made a deal to cut Russo in on the skimming. Then Corea got back in front of the council, and Russo was all too eager to claim that everything was just fine.

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nice try

10:07 pm on Monday, December 19, 2011

Good question Hobbs (will Corea play let's make a deal for a lighter sentence?)
.... or is this the lighter sentence? perhaps the deal has been made?

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pied piper

10:08 pm on Monday, December 19, 2011

Nor, apparently, did they care about the cost ( jumping from 21k to 110k for the PA director position) and the unadvertised posting of the position. My my.
1.1mm could have bought us some nice upgrades to the parks or maybe even money toward a community center and or pool. Such a shame.

Well, textile fabricators got their piece,( for a little while, anyway). I wonder who else got a kick back from textiles frabricators. Isn't that the way the scam works?

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Redrider765

10:21 pm on Monday, December 19, 2011

Who said it was only $1.1mm? We only know about $1.1mm. I bet it was a hell of a lot more than that over the many years prior to that.

Hobbs

11:48 pm on Monday, December 19, 2011

megato: I have no reason to agree with or doubt your speculations about why tRusso and Castallano acted the way they did but the history of the Russo family gives one pause.

nice try: We will see what kind of time Corea gets for his crimes in February.
However the judge has already set the bar high and perhaps that is to give the AG better leverage.

pied piper: Perhaps we will soon find out if anyone else got a piece of the action when people face long jail sentences they tend to be helpful.

Redrider765: When a crook gets caught and convicted for one crime it always leads to speculation as to if he/she got away with before they were caught.

I remember thinking what did Anthony Russo and Peter Cammerano get away with before they were caught by the FBI ?

How many other "lunches" Michael Russo had were not recordedby the FBI before his "lunch" with Solmon Dwek ?

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Lotso

12:03 am on Tuesday, December 20, 2011

I stay out of politics because it's just so ridiculous and scary. I'll come out and say it - the town is still very mobbed up and I wouldn't feel safe speaking my mind in public. I watched one City Council meeting during budget season (a good 10-12 months after actual budget season). Roberts stood up while being questioned about budget. Q: Did you question any of the expenditures? A: I trust my directors. I told them to give me the leanest budget possible. I trust that they did that. I fell off my chair. Nobody in the room seemed shocked. They took this as a legit answer.

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pied piper

9:27 am on Tuesday, December 20, 2011

How many people get into business ventures with the Mafia? and why?
Sounds like somebody owed someone a big debt that HAD to be paid.
Hoboken Residents lose again.

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Hoboken1653

10:18 am on Tuesday, December 20, 2011

And look who is smack dab in the middle of it again?? Mikey Russo and Castellano.

Unbelievable. Whenever these 2 open their mouths at a council meeting the clip of them trying to sweep this under the rug should be played. Unbelievable.

Where are all the Russo supporters on this one? Cassandra, Prosbus, Outofcontrol, etc...

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Hobbs

10:25 am on Tuesday, December 20, 2011

It was 5th Ward Councilman Peter Cuningham who looked at the audit by Garbarini & Co. of the PA and said "Clearly we have money going out the back door."

The connections to the La Cosa Nostra crime famliy of Nicodemo Scarfo, Sr. to United Fabrications, Brian Pettacio should have been easily found when Mayor Roberts and the City attorney Joseph Sherman vetted the three no-bid contracts.

Have to wonder why they didn't.

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pied piper

10:41 am on Tuesday, December 20, 2011

Have to wonder why Roberts would hire someone who lost his seat on the stock exchange, for some type of fiscal malfeasance, as Director of the HPA( during a hiring freeze, no less). That Director, in turn, hired the mafia to manage the city's HPA funds. And, this whole" arrangement" was approved by Russo, Castellano, Camarano and Ramos- the self named: city watchdogs-

Now, they want control over the Board of Education and it's 6 year capital plan with surplus

Can't make this stuff up.

Reformerus_Gianticus

10:25 am on Tuesday, December 20, 2011

Where is Pro-Puss? (prosbus) Why isn't he defending his friends and friendship that money couldn't buy. The little weasel with an easel supported Cammarano, and now one of his buddies from the Russo clan had pled guilty to stealing with the City of Hoboken. Earlier this year we saw Mike Russo accept a bribe from a developer only to get cold feet at the last minute or he would be behind bars too.

Talk about hitching your horse to the wrong wagon. Poor little Pro-puss. What will they come up with next. The options are running out. The FBI could be closing in. Desperate times for the Old Guard.

And we still can't find parking on Bloomfield Street!

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MadisonMonroe

10:56 am on Tuesday, December 20, 2011

Thank you, Mr. Corea, for finally doing the right thing and pleading guilty.

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greenhaven

11:09 am on Tuesday, December 20, 2011

You're take on this story is that Corea deserves praise and a "thank you" for "doing the right thing?" Does the "right thing" to you mean providing the AG with complete information on all wrongdoing Mr. Corea is aware of? Did Anthony Russo "do the right thing" when he pleaded guilty, agreed to pay $350,000 in restitution and then stiffed the taxpayers once again?

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Redrider765

11:39 am on Tuesday, December 20, 2011

Now when will the Russo family do the right thing and repay the money they stole and move out of affordable housing? When will Mason do the right thing and stop lying and trying to buy a favorable public image, not to mention stop trashing this town all so she can tear down the mayor? When will Occhipinti do the right thing and resign b/c he had to cheat and write 500 votes? When will everyone who say those hacked emails fess up to their involvement? A few more right things need to get done in this town.

MadisonMonroe

11:57 am on Tuesday, December 20, 2011

I'm sorry, greenhaven, but you are a grade A moron. Which part of the 13 words, including his name, indicate praise? Rather than dragging the taxpayers through a lengthy trial, where there's always the possibility of acquittal or a no verdict, Mr. Corea admitted to his crimes. If his wife and children haven't already abandoned him, he will spend the holidays with his family and then head off to a state penitentiary for up to 8 years. I suppose you want to return to the days of public hangings?

Mayor Roberts appointed Corea to head the parking authority knowing that he had been permanently banned on Wall Street. And then we all had to sit around and wait for the crime wave to commence.

You want me to denounce Mr. Corea? Done and done. But please hold off on the self-congratulatory "my Hudson County Dem politicos are holier than thou" bull. I happen not to trust any of you.

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Redrider765

12:44 pm on Tuesday, December 20, 2011

But you trust people who get caught on tape trying to sell you out to the highest bidder and you trust a person who writes 500 $40 checks to buy an election. Interesting.

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MadisonMonroe

1:16 pm on Tuesday, December 20, 2011

Redrider, I guess putting words in others people's mouths made you the top geek on your high school debate team. Nevertheless, I think I made it abundantly clear that I don't trust any of you Hudson County Dem politicos. I don't happen to think that bragging on yourself, nodding alot and drooling over money at the lunch table is a crime. And neither did the FBI. And I don't think paying a bunch of fellow Hudson County Dem zombies $40 to stand around in tacky tshirts is a crime either. And apparently the FBI is on board with that idea too.

As long as we're talking about trust, remember when Candidate Zimmer promised to cut taxes 25%. Memories...

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FAP

1:44 pm on Tuesday, December 20, 2011

Which words indicate praise? Those would be "Thank you" and "doing the right thing".

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InfotainMe

5:30 pm on Tuesday, December 20, 2011

Madison, they weren't paid to stand around in tacky shirts, they were paid to vote. We would have noticed 575 people with the same shirt on in the 4th ward. Quit pretending the world is stupid. Ask Mr Correa and Mr Ricciardi how stupid it is. Soon there will be others for you to ask, but you'll get the same answer.

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Hoboken Questioner

12:30 am on Wednesday, December 21, 2011

The HQ would like to interject here for a moment. What happened in the past is bad news but it is also something we can learn from. We need to implement strong background checks for all City Hall employees. Such back ground checks need to include criminal records as well as credit records or whatever other relevant information can be obtained. I am sure some smart ass is going to say Zimmer is not great and doing all this stuff and if that is the case then fine. But in this information technology age there is no excuse for not performing careful background checks on an initial and ongoing basis.

Reformerus_Gianticus

12:36 pm on Tuesday, December 20, 2011

Math Lesson from the Jolly Green Giant:

Please note I had done this before when the initial amount of $1million dollars was reported earlier back in 2008/2009….

Question: How much does $600,000 in quarters weigh?

Answer: According to the US Mint that each quarter weighs 5.670g.

http://www.usmint.gov/about_the_mint/?action=coin_specifications

And 1 gram = 0.00220462262 pounds

Link: http://www.asknumbers.com/GramsToPounds.aspx

So $600,000 means there are 2.4 million quarters in the John Corea public funds pirate booty.

Now with some simple multiplication this yields:

2,400,000 X 5.670g = 13,608,000g or 13,608,000 * 0.00220462262 Pounds = 30,000.50461296 pounds or 15 tons of quarters!

15 Tons of quarters!

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Reformerus_Gianticus

12:37 pm on Tuesday, December 20, 2011

Now I had initially joked that that wouldn’t even fit in Sybill’s Cave but it turns out they likely can.

The diameter of a quarter is 24.26 mm or radius 12.13mm

And its thickness 1.75mm

http://www.usmint.gov/about_the_mint/?action=coin_specifications

Using the formula for area of a circle as A = πr2

We get an area of A = 462.224420411198 mm2

And with a thickness of 1.75mm yields a volume of 808.8927 mm3.

So now $600,000 in quarters takes up the following space:

808.8927 mm3 * 2,400,000 = 1,941,342,480 mm3 or cubic millimeters

1 cubic millimeter = 3.53146667 × 10-8 cubic feet.

Converted to feet we have 68.55786263 cubic feet of space taken up assuming the quarters would stack flush but they can’t. So, if you had a small den you could easily fit those quarters in since a typical small den goes 8ft by 11ft and has 9 foot ceilings or 792 cubic feet. But would your building be able to support that weight in one room. That’s 15 tons! Holy John Corea and a sea of lost quarters Batman! His condo board would not have loved him.

Maybe that is why John Corea sent the money all the way to Tom’s River.

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ccj

12:22 am on Wednesday, December 21, 2011

I would think that John Corea has far bigger issues plaguing him than whether he gets 4 or 8 years behind bars or not ratting out his good friends the Russos and Castellanos. His number one issue is most certainly what are his past partners - Scarfo+Co - willing to do to limit their "exposure"?

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Hobbs

1:30 pm on Wednesday, December 21, 2011

Question for Hoboken history buffs.

Who was on the Hoboken First ticket with John Corea ?

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