Michael Ritacco was accused of taking as much as $2 million in a bribery kickback scheme involving his leadership of the Toms River Regional school district.
Michael Ritacco retired last month after he was arrested on fraud and bribery charges stemming from an alleged insurance-kickback scheme that federal officials called “staggering” in its scope.
New Jersey’s fourth-largest school district is withholding more than $53,000 from the superintendent who retired after his arrest on corruption charges.
The former superintendent of New Jersey’s fourth-largest school district could still get hundreds of thousands of dollars in pension, unused sick leave and vacation time even if he is convicted of bribery and fraud.
There were stunning corruption charges levied Thursday against the man in charge of New Jersey’s fourth largest school district.