Former Gambino associate turned New Jersey councilman accused of running loansharking ring while in office

A former associate of the Gambino crime family-turned New Jersey councilman was arrested on loansharking and extortion charges after allegedly running an illegal loansharking ring while in office.

Councilman John Alite, 63, of Englishtown, was arrested on Friday and charged with multiple counts of theft by extortion, corporate misconduct, usury and terroristic threats, according to the New Jersey Attorney General's office. A second suspect, Stephen Locrotondo, 67, was arrested on usury and conspiracy charges.