††††††††††††††††††††††† ††††††† *News
Release* † ††††††Date: September 28, 2010
†††††††††††††††††† †††† Middlesex
County Prosecutorís Office
††††††††††††††††††††††† ††††††† *News Release* † ††††††Date: September 28, 2010
Parking authority manager charged in missing funds case
††††††††† Michael Lapidus (DOB 10/21/76) of Milltown arrived at the Middlesex County Prosecutorís Office on September 27, 2010 after he was charged on September 24, 2010 with one count of misapplication of entrusted funds.
Lapidus, employed as the financial operations manager for the parking authority, was expected to be released after posting 10 percent of $25,000 bail which was set by Superior Court Judge Bradley Ferencz.
Lapidus was charged following an on-going investigation by Lt. Daniel Del Bagno and Investigator Donald Heck, both of the Middlesex County Prosecutorís Office.
During the investigation, it was determined that about $24,000 in parking fees paid by customers at the Wolfson parking deck on Neilson Street in New Brunswick between August 2007 and January 2009 never were deposited into a parking authority bank account.
The investigation showed Lapidus was responsible for collecting and depositing the payments.
Lapidus is the seventh parking authority employee who has been charged as a result of the continuing investigation into the theft of more than $100,000 in parking fees.
The investigation began after information developed by the New Jersey State Commission of Investigation was handed over to local authorities by Alan A. Rockoff, executive director of the SCI.
Anyone with information is asked to call Lt. Del Bagno or Investigator Heck at the Middlesex County Prosecutorís Office at (732) 745-3300.
As is the case with all criminal defendants, the charges against Lapidus and the six other parking authority employees are merely accusations and they are presumed innocent until proven guilty.