Fourth Arrest Made In $2M N.J. Robbery

Authorities have traced an employee wanted on charges stemming from a $2 million robbery at an exclusive New Jersey apartment building overlooking the Hudson River to Massachusetts.

Police arrested 46-year-old Jorge Valencia near Boston, where he's held on $1 million bail pending his return to New Jersey.

Valencia will be charged with armed robbery, conspiracy to commit kidnapping and conspiracy to commit armed robbery, among other charges.

Three others, including two tenants, are already charged with breaking into an apartment at the St. Moritz building in Edgewater at gunpoint in November.

Authorities say the group pulled a 25-year-old tenant from his bed and assaulted him before tying him up and ransacking the apartment over a three-hour period.

The heist netted about $2 million in cash, gold and jewelry.


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