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School District Hasn't Received Any Ritacco Restitution Money

Disgraced former superintendent's Seaside Park home is now under contract

Michael J. Ritacco (Patch File Photo)
Michael J. Ritacco (Patch File Photo)
The Toms River Regional school district has not yet received any restitution funding from former Superintendent Michael J. Ritacco, officials confirmed this week.

Ritacco – the disgraced former schools chief who admitted to stealing as much as $2.5 million through bribes passed between himself, insurance brokers and intermediaries – is now serving an 11 year term in federal prison.

The school district is trying to recoup the money Ritacco took and garnish his pension. As part of his sentence, Ritacco must pay a $1 million fine plus restitution. In Dec. 2012, records show, the federal government filed a lien against Ritacco in the amount of $4,437,187.91.  The lien was recorded with the Ocean County Clerk’s office in Feb. 2013.

But so far, the school district has not received any money, said school district Stephan Leone.

"We are in very hot pursuit of that," Leone said. "We've had meetings, and we're making progress, but we don't have the money yet."

Federal garnishments on Ritacco's pension could make up for some of the restitution, Leone said. The garnishments are in place, he explained, but there are "legal challenges" to them that are still being worked out.

Seaside Park Home No Longer For Sale

Ritacco's former home in Seaside Park had been listed for sale earlier this year for $1.95 million. A real estate agent for the realty which had the listing said on Wednesday that the house was now under contract.

The sale of the home, should it go through, will be used for restitution payments, officials have said.

"Our lien for restitution is recorded and all equity from the sale of the home will go towards payment of restitution," Matthew Reilly, a spokesman for the U.S. Attorney’s office, told Patch previously.
Hardieharr August 22, 2013 at 09:39 AM
Chief wahoo they actually had to lower the price, so that means less tax assessed values, but why should you care. You must live in a McMansion.
Smot Revir August 22, 2013 at 09:43 AM
Wahoo lives in a cardboard box on 37 . Look for him, he's always waving to people as they drive by !
Hardieharr August 22, 2013 at 09:51 AM
You mean in a van down by the river! Lol SNL
proud August 22, 2013 at 09:53 AM
That's not the Chief. It's Snookie waving from her Pelican Island Mac Muffiyn.
proud August 22, 2013 at 09:55 AM
TRYING to garnish his pension? Legal challenges? This speaks volumes as to how very broken the system is!
Rich49 August 22, 2013 at 09:57 AM
So, will this "new" money lower my tax bill THIS YEAR? Or will it disappear into someone else's pocket? I encourage all tax payers to ask this question too.
Project Bluebeam August 22, 2013 at 09:59 AM
Why does this website have a Debbie Wasserman-Schultz ad at the bottom of this page. Can you make it any more obvious that the AOL-owned Patch is a bastion for crap-spewing liberals?
Chief Wahoo August 22, 2013 at 10:07 AM
I'm sure Mike sucked out all the equity with a HELOC. Probably upside down, wouldn't be surprised if the taxpayers have to come to closing with a check.
proud August 22, 2013 at 11:38 AM
@Failed, at least you recognize that you have issues. Now, that your past the denial stage, you can move to the next step. The Bob Armstsrong campaign has just been courted with the kiss of death.
"Bob" Armstrong August 22, 2013 at 01:41 PM
Maruca failed my ward..... Thank you for the idea to use USA Paul Fishman's quote regarding the arrest of Ritacco "we can not trust the local police as they appear to have leaked information". Sometimes, one can't see the trees for the forest. "Bob" Armstrong for Ocean County Sheriff in November 2013
proud August 22, 2013 at 01:48 PM
"Bob" , you're not doing yourself a favor aligning with Failed _ in _my_Fraud
grace August 22, 2013 at 04:08 PM
how do you determine who gets that restitution? every taxpayer during certain years should get a piece!
grace August 22, 2013 at 04:14 PM
i also hope chief mastro gets looked into also he aligned himself with ritacco years ago the bus garage also charging radiators to the school when actually purchasing hunting equipment for another one aligned with ritacco
grace August 22, 2013 at 04:17 PM
i will never forget when his son said " he did so much for the kids he did it for the kids" right- ritacco did it for himself
charlotte August 22, 2013 at 05:15 PM
On board for getting out the vote for Bob Armstrong for Sheriff. We need a qualified law enforcement official that is not a politician. Bob Armstrong has our confidence and support.
grace August 22, 2013 at 07:16 PM
i have to agree proud i enjoy your posts sometimes you crack me up and other times you make alot of sense so dont stop
proud August 22, 2013 at 08:08 PM
My pleasure I'm sure.
letsgetreal August 22, 2013 at 08:14 PM
@proud... I confer...Proud...you made me laugh with those comments above....Thank god for the crazies on here its entertainment.
proud August 22, 2013 at 08:54 PM
Oh, I know. You folks are awfully kind this evening.
Project Bluebeam August 23, 2013 at 07:20 AM
Aw, the TR Patch can't handle being called out as leftist crap-spewers? We know you're owned by AOL. And we all know who owns AOL. A least the Wasserman-Schultz ad is gone today.
proud August 23, 2013 at 08:38 AM
What a putz.
letsgetreal August 24, 2013 at 07:16 AM
@Proud I was being complimentary bud...I agree with everything you said above..my past comment probably was a bit vague after re reading it....sorry (Meant that some of the crazy nut jobs on here keep it entertaining with all the Conspiracy theories and analysis you not being one of them)
proud August 24, 2013 at 08:26 AM
@real, I hear ya. These boards are like choosing between an Almond Joy or a Mounds bar.
Cardinal August 25, 2013 at 07:46 AM
Ritacco's Construction company I guess is no longer his ?and thus protected from Restitution to the Tax Payers of Toms River? I don't read anything at all about that ?
"Bob" Armstrong August 25, 2013 at 08:10 AM
The FBI and IRS will be able to trace all of Ritacco's assets, including the assets of Ritacco's construction company. Maruca Failed My Ward....I am having a hard time locating details of USA Fishman's quote concerning the local police.. Can you help me with this (date/context)? "Bob" Armstrong for OC Sheriff in November 2013
letsgetreal August 25, 2013 at 09:19 AM
@Bob... Kind of cheesy using these blogs for your campaign...just my opinion
proud August 25, 2013 at 11:14 AM
@Bob, why would you pay mind to a comment from any attorney? Even worse, why would to take the baton from Failed_in_the_Ward. To say credibility is lacking would be an understatement. Here is a classic example from the Star Ledger when Ritacco was charged: "[TOMS RIVER — Former Toms River schools superintendent Michael Ritacco pleaded not guilty to bribery and fraud charges Wednesday, and his lawyer dismissed the case against him as "preposterous." The lawyer, Jerome Ballarotto, described Ritacco as a "man of integrity," serving Toms River for decades and leading a successful construction company with "never a hint of criminal conduct."]"
grace August 25, 2013 at 11:14 AM
omg proud that was some quote! lol how many people have driven by a ritacco construction site and noticed property of toms river schools written on sheetrock etc? alot and yet no one said anything
"Bob" Armstrong August 25, 2013 at 11:56 AM
Nice guys finish last....and I want to win....Ritacco was in it for himself, and definitely not the kids. All of my Federal corruption cases involved targets with great jobs, salaries, pensions and community respect...always a shocker. US Attorney Fishman's quote was an important insight to "machine" politics and corruption in OC. "Bob" Armstrong for OC Sheriff in 2013
proud August 25, 2013 at 12:30 PM
If there is such a quote.

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