Investigators are focusing on possible violations of securities law by Chris Christie’s administration involving money allocated to bridge repair. The New York Times reported Tuesday that the Manhattan district attorney and the Securities and Exchange Commission are investigating Christie’s office for lobbying the Port Authority to divert $1.8 billion away from a canceled rail-tunnel project and towards repairing the Pulaski Skyway bridge. Pulaski is a state bridge, outside of the Port Authority’s purview.
The Christie administration recast the bridge as an access road to the Lincoln Tunnel (they’re not connected) in order to justify using Port Authority funds. The move is under scrutiny for potentially defrauding bond holders. Under the Martin Act, prosecutors could bring felony charges without proving intent to defraud. The SEC could also take civil action. Read more at the New York Times.
{Andy Heller-Matzav.com Newscenter}
Its the CORRUPT OUT OF CONTROL Port Authority that has to be exposed and totally revamped! To have the power to keep raising tolls on law abiding citizens without ANY checks and balances is unconstitutional! Every toll payer has the right to know where EVERY dollar is going! Every person just keeps on paying for every crossing whatever the PA demands! This is the biggest Corruption that is not being investigated! Where is that big mouth, Chuck Schumer??? Is he on the take as well???
Last time I checked, the Pulaski Skyway is an approach to the Holland Tunnel, not the Lincoln Tunnel. There are two possibilities:
1) Christie is so out of touch with New Jersey, possibly from traveling around the country in his attempt to run for President, that he has forgotten basic geography.
2) Christie knows that the Pulaski Skyway goes to a different tunnel and deliberately decided to pull a fraud.