NJ Councilman and Businessman Arrested in Alleged Loan Sharking Scheme

Two New Jersey officials, Englishtown Councilman John Alite and Bridgewater resident Stephen Locrotondo, face serious charges including organized crime, extortion, and illegal lending after allegedly operating a high-interest loan scheme involving threats of violence — all tied to Alite’s company. Law enforcement credits a major investigation for the arrests, while the mayor urges calm, emphasizing due process and clarifying the allegations don’t involve borough operations. Despite the scandal, local leaders remain focused on community development and upcoming summer events. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e8f171ade8c36b78