Drudge Retort: The Other Side of the News
Tuesday, June 18, 2024

Democratic power broker and southern New Jersey insurance businessman George Norcross was indicted Monday in an alleged tax incentive development scheme. Norcross, the brother of US Rep. Donald Norcross (D), used his position of influence in Camden, NJ to run a 12-year conspiracy to pressure, extort, and steer incentives towards certain individuals and business entities on the Camden waterfront, the state alleges.

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... "This indictment alleges that a group of unelected private businessmen used their power and influence to get government at the state and local level to aid their criminal enterprise and further their interests," New Jersey Attorney General Matthew J. Platkin (D) said in a press conference.

The conspiracy helped gather the rights to tax credits in an entity owned by Norcross and his associates"tax credits totaling over $240 million, the state said. The 13-count racketeering conspiracy indictment alleges roughly a decade of extortion, criminal coercion, and official misconduct wrapped up into the enterprise with Norcross at the head.

Summing up the scheme, Platkin said a member of the enterprise was recorded saying the economic and political pressure was like they "held a bat" over a rival developer's head.

Political Pressure

Norcross, who is chair of the board of trustees of Cooper University Health Care, has played a prominent role in bringing real estate development, both residential and commercial, to the city of Camden, through hundreds of millions of dollars in tax incentives. ...



#1 | Posted by LampLighter at 2024-06-18 12:23 AM | Reply

More Lawfare against the, wait, what, Democrats?

In New Jersey, no less?


#2 | Posted by LampLighter at 2024-06-18 02:28 AM | Reply

That's where the money is.

#3 | Posted by LegallyYourDead at 2024-06-18 01:47 PM | Reply

Clearly this is Biden retributing against his political enemies.

#4 | Posted by Nixon at 2024-06-19 08:44 AM | Reply

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