NEWARK—A federal grand jury indicted Nevin Shapiro, former owner and chief executive officer of Capitol Investments USA Inc. (Capitol), Wednesday for allegedly overseeing a $880 million Ponzi scheme linked to his purported wholesale grocery distribution business, U.S. Attorney Paul J. Fishman announced.
STATE – New Jersey initial unemployment claims increased by 6,167 for the week ending July 3, according to data released by the federal Department of Labor today.
FROM CLIFFVIEW PILOT: The letters began hitting mailboxes late last week. For 967 recipients in New Jersey, the contents hurt: Facing its smallest budget in five years, the state changed eligibility requirements for those covered by its AIDS Drug Distribution Program, which pays for thousands of dollars in medications for low-to-middle-income, underinsured people who are HIV-positive.
TRENTON –The sentencing of former Assemblyman Neil Cohen was adjourned at the defendant’s request and rescheduled for Aug. 13 at 9 a.m. before Superior Court Judge Gerald Council in Trenton.
NEWARK — NJ TRANSIT Executive Director James Weinstein announced plans to conduct a 90-day pilot program to test the feasibility of offering “Quiet Commute” cars on NJ TRANSIT trains.
TRENTON – Legislation intended to help streamline state government by getting rid of inactive boards, commissions, committees and task forces is closer to becoming law.
TRENTON — The New Jersey Department of Transportation (NJDOT) announced the upcoming closure of the I-78 Express lanes in each direction in Union Township and Hillside from milepost 52.8 to milepost 55.
NEW JERSEY – Beginning Friday, July 16 through Sunday, July 18, Wegmans will donate $0.50 for every Driscoll’s strawberry product package (any size) sold at each of their New Jersey stores to the Children’s Home Society of New Jersey.
STATE — New Jersey employment contracted marginally in June while the state’s unemployment rate continued to trend lower from the recessionary high reached in December 2009. The state’s unemployment rate edged down by 0.1 percentage point in June to 9.6 percent, just above the national rate of 9.5 percent.
TRENTON – Noting data that shows New Jersey led the nation in new unemployment claims at the end of June, Senate Budget and Appropriations Chairman Paul Sarlo said the figures show that the administration’s fiscal policies are not stimulating the economy or creating new jobs.