A Bergen County agency under federal scrutiny for its alleged role in a consumer mortgage scam was lacking in key financial safeguards and routine bookkeeping practices as it directed multimillion-dollar public projects, according to an independent audit.
After a sub sandwich lunch with President Obama in Edison Wednesday, a group of North Jersey small business owners headed back to work impressed with the president’s attentiveness and persuaded that the bill Obama came here to promote will help them.
Local officials and their guests gathered on the banks of Overpeck Creek in Ridgefield Park late last month to unveil what some said was a miracle: A grand new public park transformed from an old county trash dump.
Ronald O’Malley, as BCIA’s chairman, signed fraudulent verification of employment forms for borrowers that falsely claimed they were employed and receiving substantial income from the BCIA, his partner in a mortgage brokerage firm said.
