CEO Denies Involvement in Logistics Racketeering Scheme Trial

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Logistics Racketeering Scheme Trial

The chief executive officer of logistics firm NFI Industries on Wednesday denied any involvement in an alleged logistics racketeering scheme led by a New Jersey power broker accused of reaping millions in tax credits by using extortion to acquire waterfront property in the distressed city of Camden.

Sidney R. Brown, who was charged alongside George E. Norcross III of Conner Strong & Buckelew LLC and his brother, Parker McCay PA CEO Philip A. Norcross, and others, pled not guilty before Superior Court Judge Peter E. Warshaw to racketeering and other charges in a wide-ranging indictment targeting conduct spanning over a decade.

Logistics Racketeering Scheme Trial : Allegations and Charges

The indictment accuses the Norcrosses and co-defendants, including Brown & Connery LLP partner William M. Tambussi, who is George Norcross’ longtime personal attorney; Dana L. Redd, the former mayor of Camden; and John J. O’Donnell, CEO of development company The Michaels Organization, of engaging in a logistics racketeering scheme. They pled not guilty last month.