Ex-Hoboken Parking Head Admits Role in Meter Scheme

John P. Corea pleaded guilty in a scheme to steal parking meter revenue in Hoboken

Monday, Dec 19, 2011  |  Updated 9:50 PM EDT
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Ex-Hoboken Parking Head Admits Role in Meter Scheme

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The former head of the Hoboken Parking Utility has pleaded guilty to official misconduct for his role in a scheme to steal $600,000 in parking meter revenue.

John P. Corea entered his plea Friday in Ocean County.

Corea was accused of steering no-bid contracts to a Toms River contractor to collect coins from the parking meters, then looking the other way when he discovered the contractor was stealing.

The contractor, Brian A. Petaccio of Toms River, pleaded guilty in 2009 to stealing a total of more than $1.1 million. Petaccio faces up to seven years in prison.

The state Attorney General's office will seek an eight-year prison sentence for Corea plus $300,000 in restitution to the city of Hoboken.
 

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