Saturday, October 18, 2008

~ The Camelot Title - UCIA Investigation ~

It's been over a YEAR since the State A.G.'s office opened an investigation concerning the above, link provided below.

According to a recent news article, Suliga's widow stated that Joe Suliga founded the title agency. Others with a stake in Camelot are State Democratic Chair/Assemblyman, Joe Cryan, and County Democratic Chair, Charlotte DeFillipo. DeFillippo, who has referred to herself as a Cog on wheel, is the Executive Director of the Union County Improvement Authority who, as the County Chair, wields great power on who gets the nod to run for office in Union County. She also is in charge of all those UCIA projects.

In Rahway, Silon, the developer for the Skyview condominum/hotel, working with the Rahway Redevelopment Agency, has purchased properties from the Rahway Redevelopment Agency, to construct its condo/hotel. Not all the properties were bought outright by the developer from the RRA and under various agreements, Silcon pays the RRA back for the properties Silcon purchased from the RRA in different manners such as payments upon the units closing. In 2003, the RRA, through the UCIA, obtained bonds (financing). In essence, the RRA has acted as a lender to Silcon. On this particular project, Camelot Title, is the title agency for the developer Silcon.

The DeCoitiis law firm is the attorney for the RRA as well as the UCIA. It was reported that Assemblyman Joe Cryan, a stakeholder in Camelot, returned campaign money to the DeCoitiis law firm.

As far as I know, Suliga, DeFillipo nor Cryan are attorneys or licensed title agents. So what would possess them to get into the title business? I realize you don't need to be a cook to open a restaurant either.

Two years ago, Senator Lesniak, colleague to Assemblyman Joe Cryan with whom he shares a legislative office, crafted Bill No. 2229 which hasn't been brought forth for a vote. That bill would allow title agencies to offer "inducements" or discounts to persons purchasing title insurance. According to studies, as much as 60% or more of title insurance premiums are the agent's profit. If you are a politically connected title agent for big developers, you can well afford to offer discounts. If the Senator sponsored the bill because he thinks title agents make too much money off the premiums, the premiums, based on the dollar amount of insurance, can be re-evaluated and re-set set by the Commissioner of Banking and Insurance. Afterall, it is that agency's responsbility for overseeing the insurance industry. In this fashion, ALL title companies will be on an equal playing field.

U.S. Attorney Chris Christie doesn't mind State A.G. Annie Milgrim, appearing with him in photo ops. Maybe he should ask her for a peek into the files so his office can complete the investigation. He might want to get a hold of ex-Assemblyman Cohen's computer while he's at it.

Link to article on investigation:

http://www.nj.com/news/index.ssf/2007/11/ian_t_shearn.html

22 comments:

Anonymous said...
This comment has been removed by a blog administrator.
NFS said...

Dear anonymous (9:22 AM):

If you know of any wrong doing by elected or non-elected persons, you should contact the US Attorney at 973-645-2700 or State Attorney General at 609-984-7032.

Anonymous said...

did so been waiting

NFS said...

All I can say is don't hold your breath.

Anonymous said...

camelot site down might be a start of something good

NFS said...

Yes, I see their site is down. And Lesniak's bill to allow title companies to offer seducments, otherwise known as "enducements" didn't even get posted for a vote yet.

Anonymous said...

"enducements" my ass kickbacks more like it

NFS said...

Enducement, bribe, kickback ... all the same. Enducement has a classier ring to it, don't you think?

Anonymous said...

these are classy people

Anonymous said...

Charlotte information any waiting thanks in pa

Anonymous said...

I want to be the one that says sorry Charlotte

NFS said...
This comment has been removed by the author.
NFS said...

My previous post was a little too rough ... had to delete my own post. LOL

I'd like to be the one to say "goodbye cog". Hell, I'd even throw her a going-away pizza party.

Anonymous said...

they might serve pizza in jail dont waste your money

Anonymous said...

camelot closed can you fill me in

NFS said...

I know a couple of weeks ago, they started answering the phone "Title Service", leaving Camelot out of the greeting. I will ask around.

Shame too, Suliga's widow was so proud of the title company she says Joe started that she even mentioned it to the jury in the wrongdeath suit she brought. I sure hope Joe's not getting "thrown under the bus". Once is enough.

Anonymous said...

any news would love to know thanks

NFS said...

Camelot is definitely closed according to my friend. He tells me it closed a month or two ago. He doesn't know why. I cannot imagine it closed for lack of business.

Anonymous said...

just hoping the feds are all over them thanks been a long wait watching in pa 3 years

Anonymous said...

any news on camelot answers phone crystal title thanks

NFS said...

Maybe the name has changed, but the players are the same? It's not cystal clear yet.

Anonymous said...

see what you can find out i will look too thanks in pa