Faiella seeks to settle his bankruptcy debt
Details on how former Newark Deputy Mayor Alfred Faiella is attempting to settle massive debts to creditors — the whole thing just reeks. In addition to the bankruptcy cases Faiella faces, he may also receive a summons from the city itself:
Newark city officials are exploring a possible lawsuit against Faiella to recover publicly funded assets he kept under his control after leaving City Hall in 2001, including two lucrative downtown parking garages, a South Ward warehouse and millions of dollars in cash.
“We have not yet made a determination if and how we will proceed,” said Desiree Peterkin Bell, spokeswoman for Mayor Cory Booker.
But Booker said this shortly be fore taking office two years ago: “There is no rationale for our city to have allowed itself to lose millions of dollars in assets. It is a flat abuse of the public trust.”