.
News Alert
Toms River Protesters Seek 'Justice For Mocha,'…

After Sentencing, What's Next for Ritacco?

Restitution, sale of home yet to occur

TRENTON — The former superintendent of Toms River Regional was sentenced to 135 months of jail and voluntarily submitted to U.S. Marshals Friday afternoon to begin serving his sentence immediately.

Michael Ritacco, guilty of tax evasion and mail fraud relating to more than $2.5 million in bribes and kickbacks passed between the former superintendent and co-conspirators, also faces a restitution hearing, his lawyers said.

Attorney William Hughes confirmed no restitution was ordered at the sentencing Friday and instead a separate court proceeding, possibly in December, will be scheduled to decided if and how much restitution Ritacco must pay.

, sentencing Judge Joel Pisano said several million dollars were "fleeced" from the school district, due to inflated contracts Ritacco helped to orchestrate over the span of 12 years, or from Ritacco purposefully hiring co-conspirators to help facilitate deceit, he said.

Attorney Jerome Ballaratto said about $1 million in owed taxes is nearly repaid after the sale of Ritacco's home in Seaside Park. The home is currently listed for sale, placed on the market earlier this month.

Ballaratto said proceeds from the sale would likely be used for repaying taxes owed, as outlined in charges Ritacco pleaded guilty to, for tax evasion. According to a , Ritacco failed to report the proceeds of the cash payments he received for multiple years.

grace October 05, 2012 at 02:30 PM
does anyone know the story about a sister who was killed? was wondering i seem to remember something about that...also lets hope when the book comes out or the lifetime movie any monies made go somewhere other than his relatives or other toms river school buddies who all now have cushion jobs, pensions after their sudden retirements and /or their children who have the jobs now
grace October 05, 2012 at 02:32 PM
KC the fire all live on vincenzo drive
grace October 05, 2012 at 02:32 PM
KC the fire all live on vincenzo drive
Doug Bennett October 16, 2012 at 11:14 PM
As I remember it and I may a bit off on this, she was a teacher at Cedar Grove Elementary and was on her way to work. Playground improvements at the school were named after her I believe.
grace October 17, 2012 at 01:55 PM
ah doug i think you are right and i do now remember something like that too..

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »