Ex-Gambino Associate John Alite Arrested Last Month In Loan-Sharking Takedown
This isn’t breaking news, we know, but we haven’t exactly been covering any of this stuff for some time—though we are planning to return. And though it looks bad based on the facts floating around the public realm (it seems the AG may have wiretap recordings), we’re reserving our verdict until the end, which how this is supposed to work. Former Gambino associate/ Englishtown councilman John Alite , whom we’ve known and been writing about for over 10 years (do a search, you will see ), lent more than $200,000 to two individuals at exorbitant—and illegal—interest rates, then threatened them with violence when they missed payments. So said a New Jersey state prosecutor. John Alite. (Source: Asbury Park Press .) Alite, 63, who is facing 10 criminal charges following a probe into an alleged illegal loansharking and extortion scheme, allegedly told one of the two borrowers that he could “flip like a switch” into the life of crime that he said he left behind, the prosecutor said at Alite’s b...