Ex-NJ Township Housing Director Cops To Extortion Scheme

Law360, New York (December 21, 2012, 3:55 PM EST) -- A former director for the North Bergen, N.J., Housing Authority on Thursday pled guilty to extorting thousands of dollars from employees of a maintenance company contracted by the municipality.

John T. Kennell, 49, pled guilty in front of U.S. District Judge Jose L. Linares to a charge of extortion under color of official right and by fear of economic harm, federal prosecutors said. The charge carries a maximum 20-year prison sentence and $250,000 fine.

Kennell was arrested in August on allegations he used his position as...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.