Codey’s brother pleads guilty to third-degree theft

Donald R. Codey Jr., former president and general manager of Freehold Raceway Park and older brother of state Sen. Richard Codey (D-Orange), today pleaded guilty to stealing $3,045 in raceway promotional vouchers and assisting two patrons to cash more than $1.3 million in bad checks at the track, state Attorney General Paula T. Dow and Criminal Justice Director Stephen J. Taylor announced.

Appearing before Superiour Court Judge Thomas F. Scully, the 65-year old Codey pleaded guilty to stealing 16 “mystery vouchers” worth a total of $3,045. Freehold Raceway sent the so-called mystery vouchers to track patrons and patrons of the Favorites off-track wagering site in Toms River.  

Each voucher was issued to be redeemable for a ‘mystery’ amount, ranging from $2 to $5,000, if taken to the Favorites site on President’s Day, Feb. 16, 2009, and used to gamble. Codey used the vouchers to gamble at Favorites that day,” according to the AG’s Office.

Codey also pleaded guilty to two counts of fourth-degree issuing bad checks, one for each of the two patrons he assisted in cashing bad checks.  

The state will recommend that Codey be sentenced to up to 364 days in jail as a condition of a term of probation. Judge Scully scheduled sentencing for Oct. 22.

“Mr. Codey had an alliance with these two dishonest patrons and assisted them in cashing bad checks, which cost Freehold Raceway $1.3 million dollars,” said Dow.  “For that criminal conduct and the voucher theft, he faces up to a year in potential jail time and is responsible with his co-defendants for paying back about $900,000 which has not been repaid.”

“Mr. Codey stole promotional vouchers with a cash value of over $3,000,” said Taylor.  “With that theft and his complicity in cashing over $1 million in bad checks, he completely betrayed the trust placed in him as president and general manager of the raceway.”

Codey’s brother pleads guilty to third-degree theft