Just released statement from City Hall:
Mayor Zimmer today commended the New Jersey Attorney General’s office on the successful prosecution of the President of United Textile Fabricators, Brian Petaccio, and the indictment of former Hoboken Parking Utility official John Corea for the theft of hundreds of thousands of dollars in Parking Utility revenue.
“Today’s action is the culmination of a long investigation in which the City worked closely with law enforcement every step of the way,” said Mayor Dawn Zimmer. “While this is not a day for celebration, I do feel this is a step in the right direction towards restoring the public trust in Hoboken government.”
Mayor Zimmer also noted that while Mr. Petaccio’s plea agreement provides for $300,000 in restitution to the City, there are still additional funds yet to be recovered. “We intend to do everything in our power to seek the return of every single missing quarter,” said Mayor Zimmer.