Newark Police Officer Charged with Bribery
A 35-year-old Newark police officer faces serious fraud and bribery charges following a federal indictment. According to The Star-Ledger, the officer and a 44-year-old man who is a former employee of Spencer Savings Bank, have been charged with taking out a fraudulent loan of $1.9 million. The incident allegedly occurred back in 2004 and it has cost the bank about $400,000. Authorities report that the police officer lied about his net worth in order to acquire the loan and he later wrote a check for $100,000 to the bank worker who gave him the loan. The officer has been suspended by his department since February, but he continues to be a member of the Newark Police Department.
It is illegal to obtain funds from a bank under false means. It is a crime to lie about the amount of funds you have, the amount of money you earn, or to falsify any details about your income or assets while applying for a loan. An individual may be charged with fraud in New Jersey even if they only made mistakes while filing for a mortgage, business loan, car loan, credit card, or health insurance.
Fraud is a serious crime that can result in incarceration and substantial fines. Anyone facing these kinds of allegations would have it in their best interests to seek legal guidance from a skilled Princeton fraud defense attorney. Your career and future may be at stake. The lawyers at Lependorf & Silverstein have a history of fighting erroneous charges and having the penalties our clients face reduced or dismissed completely. If you are facing fraud charges in New Jersey, call our law offices at 609-240-0040 right away to find out how we can help.
