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Manasquan, NJ

Business
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights'
Jersey Mike’s Sells Majority Stake To Blackstone, Chain's Founder Aims For 'Greater Heights' Jersey Mike’s Subs, a Garden State icon that grew into a national sandwich powerhouse, is set to sell a majority stake to private equity giant Blackstone, officials said. The Manasquan-based restaurant chain has agreed to sell the stake in the company, Blackstone said in a news release on Tuesday, Nov. 19. Jersey Mike’s founder and CEO Peter Cancro will keep a significant equity share and continue leading the business. When he was 14 years old, Cancro began working at the original location in Point Pleasant that opened as Mike's Subs in 1958. At 17, he bought the restaurant in 1975 and…

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by Chris Spiker
Police & Fire
Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say
Jersey Shore Salesman Used Client's Credit Card In $200K+ Scheme, Prosecutors Say A Manasquan man was accused of using a former business client’s credit card to buy and resell items in a more than $200,000 scheme, authorities said. Adam Kleinwaks, 55, was charged with second-degree money laundering and theft by unlawful taking, Monmouth County Prosecutor Raymond Santiago said in a news release on Wednesday, Sept. 4. Kleinwaks is a sales representative for Standard Printing Company, according to its website. Investigators said Kleinwaks purchased more than $130,000 of items with a former client's credit card. He then removed labels from "recr…

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by Chris Spiker