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September 24, 2009

ROUNDUP Christie owned stock in firm being probed

The Associated Press

TRENTON -- Financial disclosure forms indicate former U.S. Attorney Chris Christie owned stock in a company while his office was investigating it for fraud.

Christie, now the Republican candidate for governor in New Jersey, held shares of Cendant Corp. worth between $1,000 and $15,000 while the investigation was happening.

Christie says the stock was bought through a financial adviser who picked stocks for him.

Federal financial disclosure reports show Christie bought the stock in 2004 and sold it the next year.

As U.S. Attorney, he reopened an investigation into Cendant in 2002 that had been started by his predecessor.

Christie says he no longer buys individual stocks to avoid possible conflicts.

Guilty plea in theft of postal gift cards

NEW BRUNSWICK -- Two former New Jersey postal workers have pleaded guilty to stealing employee incentive gift cards worth nearly $25,000.

Fifty-six-year-old Alyse Mordoh of North Brunswick and 48-year-old James Rosciano III of Howell each pleaded guilty to one count of theft. Each faces a term of 180 days in jail.

They admitted taking 562 gift cards for personal use. The cards range in value from $20 to $100 and are used to reward postal workers for exemplary service.

Mordoh, who pleaded guilty Monday, was a confidential secretary to the district manager for the U.S. Postal Service in central New Jersey and was responsible for purchasing and disbursing the gift cards.

Investigators say Mordoh passed some of the cards to Rosciano. He pleaded guilty Wednesday.