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Insurance Broker From Ritacco Scandal To Be Sentenced Monday

An insurance broker who admitted to funneling bribes to former Toms River Superintendent Michael J. Ritacco will be sentenced Monday.

Frank Cotroneo admitted to funneling the bribes in exchange for inflated insurance contracts. He was originally indicted on federal charges, one count of bribery and multiple counts of tax evasion.

Cotroneo will appear in federal court in Trenton at 1 p.m. before Judge Joel A. Pisano. His guilty plea came days before Ritacco was indicted in fall 2010.

Ritacco pleaded guity in 2012 to two of the 27 charges he was facing, and admitted his role in years of corruption at the school district, where as much as $2.5 million in bribes were allegedly passed between Ritacco, insurance brokers and intermediaries.

Rick Ricky January 06, 2014 at 03:13 PM
Ritacco got off way to east as I am sure this scammer will too. Do you know how many things Ritacco did and stole that did not count in the 27 charges and then to only get charge for 2 is ridiculous. He ripped off the tax payers alone on the now Pine Belt Center. No register of purchased food and what was sold. I guess that is how he took care of his girlfriend that didn't get anything done to her. Who and how many house was work done that the tax payers paid for.

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