Former NJ Police Officer pleads Guilty To Real Estate Theft

Acting Monmouth County Prosecutor Lori Linskey has obtained a guilty plea from former Ocean Township, New Jersey Police Officer Cory R. Cole, 51, of Brielle, New Jersey.

Rather then face the uncertainty of a trial and 9 different criminal counts, Cole instead opted to plead guilty to:

Theft.
Forgery.

Linskey has confirmed that under a plea if the plea agreement the State will recommend no jail time and call for probation, as long as if Cole pays $8,400 in restitution.

Linskey said that the restitution money from Cole will go to two victims.

Initial criminal charges against Cole were filed in January, 2020, which led to his resignation as an Ocean Township Police Officer.

Cole was indicted on 9 counts of theft and forgery on June 11, 2021.

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There are many details involving alleged misuse of tenant security monies, alleged forged documents to try and purchase additional real estate, according to Linskey.

A criminal investigation by the Monmouth County Prosecutor’s Office revealed that Cole bought, flipped and rented real estate.

The alleged forgery also involved a letter to the Brielle School District involving a potential tenant and school residency policies.

Linskey has confirmed that Cole is set to be sentenced on Aug. 12, 2022.

The case is being managed by Melanie Falco, Assistant Monmouth County Prosecutor.

SOURCE: Acting Monmouth County Prosecutor Lori Linskey