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
Subscribe to:
Post Comments (Atom)
22 comments:
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.
did so been waiting
All I can say is don't hold your breath.
camelot site down might be a start of something good
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.
"enducements" my ass kickbacks more like it
Enducement, bribe, kickback ... all the same. Enducement has a classier ring to it, don't you think?
these are classy people
Charlotte information any waiting thanks in pa
I want to be the one that says sorry Charlotte
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.
they might serve pizza in jail dont waste your money
camelot closed can you fill me in
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.
any news would love to know thanks
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.
just hoping the feds are all over them thanks been a long wait watching in pa 3 years
any news on camelot answers phone crystal title thanks
Maybe the name has changed, but the players are the same? It's not cystal clear yet.
see what you can find out i will look too thanks in pa
Post a Comment