Sharpe James, Former Newark Mayor, Convicted in Scam To Sell City Properties To Girlfriend
It is amazing what some of our elected officials think they can get away with. Fortunately, this time the politician got caught. For 36 years Sharpe James was a power broker in Newark, New Jersey politics. He watched the city deteriorate and essentially fall apart. Now we know why, he was using the city as his own piggy bank.
A federal jury today convicted the former longtime mayor of Newark, Sharpe James, of fraud for conspiring to sell city-owned properties to a former girlfriend, who quickly flipped them and earned hundreds of thousands of dollars in profits.
On the sixth day of deliberations, the jury found Mr. James, 72, guilty on all five counts he faced. His former girlfriend, Tamika Riley, 39, was convicted on the same fraud and conspiracy charges as well as eight others for numerous tax violations in connection with what the authorities said was her failure to file income tax returns for her public relations firm. via the New York Times.
So here is the real question, do you think that the girlfriend, age 39, was in the relationship for love or the chance to make some serious money.
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Comment by Jacqulyn Richey on 18 April 2008:
Doesn’t this guy watch the Sheild? Criminals always get caught on these types of scams.
Comment by Mattman on 19 April 2008:
I think it’s obligatory that every mayor or former mayor of Newark be convicted of something.
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[...] Sharpe James, Former Newark Mayor, Convicted in Scam To Sell City …A federal jury today convicted the former longtime mayor of Newark, Sharpe James, of fraud for conspiring to sell city-owned properties to a former girlfriend, who quickly flipped them and earned hundreds of thousands of dollars in …The Real Estate Bloggers – http://www.therealestatebloggers.com [...]