New Jersey Democratic kingmaker George Norcross indicted on racketeering charges

New Jersey Democratic kingmaker George Norcross indicted on racketeering charges


New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks to Judge Patricia McInerney’s courtroom at City Hall in Philadelphia.

 Matt Rourke | AP

George Norcross, who for decades had been a Democratic political kingmaker in New Jersey, was charged with racketeering in an indictment unsealed Monday.

Norcross’s brother, Phillip Norcross, and four other defendants also were charged in the 13-count indictment, which was filed by New Jersey Attorney General Matthew Platkin.

Platkin accused the brothers and other defendants of using their political influence to tailor economic redevelopment along the waterfront of Camden, New Jersey to suit their financial interests, extorting and pressuring others to obtain property rights and tax incentive credits linked to the development efforts.

“The entities that benefitted, including Cooper Health and [the insurance firm Conner Strong & Buckelew CSB] then occupied the properties they obtained interests in and sold the tax credits they obtained for millions of dollars,” the indictment said.

George Norcross, an insurance executive and former member of the Democratic National Committee, was chair of the board of trustes of Cooper University Health Care and chair of Conner Strong & Buckelew.

Now a resident of Florida, George Norcross was in attendance at a press conference Platkin gave on the charges Monday.

The indictment says that Norcross’ criminal conduct included threatening a developer who had held the waterfront property rights necessary for the Norcross enterprise to build the tallest building on the Camden waterfront.

“When the developer would not relinquish his rights on terms preferred by George E. Norcross III, he threatened the developer that he would, in substance and in part, “f**k you up like you’ve never been f**ked up before and told the developer he would make sure the developer never did business in Camden again,” the indictment said.

“In a recorded phone call, [Norcross] later admitted to threatening the developer: ‘I said, `this is unacceptable. If you do this, it will have enormous consequences.’ [The developer] said, `Are you threatening me?’ I said, `Absolutely,’ ” according to the indictment.

Another brother, Donald Norcross, is currently a member of the House of Representatives for a district in southern New Jersey. David Norcross is not charged in the case involving his two brothers.

Phillip Norcross is managing shareholder and CEO of the Parker McCay law firm, and also is chairman of the board of the Cooper Foundation.

New Jersey businessman and co-owner of The Philadelphia Inquirer, George Norcross walks away from Judge Patricia McInerney’s courtroom at City Hall in Philadelphia.

Matt Rourke | AP

The other defendants in the case are William Tambussi, Dana Redd, Sidney Brown and John O’Donnell.

Tambussi is George Norcross’ long-time personal attorney, and counsel to the Camden County Democratic Committee.

Redd is a former mayor of Camden, a former state senator and is the current CEO of Camden Community Partnership.

Brown is the CEO of the trucking and logistics company NFI, and is a member of the board of Cooper Health.

O’Donnell is part of the executive leadership of The Michaels Organization, a residential development company.

Donald Norcross became a member of the New Jersey state Assembly in January 2010, and held that post for just a week before he was appointed to replace Redd as as a state senator after she took office as mayor of Camden.

This is breaking news. Please check back for updates.



Source

SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws
Politics

SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws

Howard Lutnick, chairman and CEO of BGC Partners Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022.  Brendan McDermid | Reuters WASHINGTON — The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to disclosures by so-called […]

Read More
New Jersey drones don’t appear to pose national security or public safety threat, FBI says
Politics

New Jersey drones don’t appear to pose national security or public safety threat, FBI says

Unidentified drone in New Jersey. Source: MSNBC The FBI and Department of Homeland Security said Thursday that they had seen “no evidence” that mysterious drone sightings over New Jersey and adjacent areas in recent weeks “pose a national security or public safety threat.” The agencies also said they had no evidence of a “foreign nexus” […]

Read More
U.S. charges 14 North Koreans in  million identity theft and extortion case
Politics

U.S. charges 14 North Koreans in $88 million identity theft and extortion case

DPRK IT workers FBI wanted poster. Source: FBI The Department of Justice accused 14 North Korean nationals of conspiring to use false identities to get IT jobs with U.S. companies and siphon money back to their home country, in violation of U.S. sanctions. The indictment, filed Wednesday in Missouri federal court, alleged that the conspiracy […]

Read More