A Newark police officer has been convicted of bribing a bank employee to get a $1.9 million commercial loan.

A federal jury in Camden returned a guilty verdict Thursday against Victor Patela following a one-week trial.

Patela was convicted of bank fraud, loan application fraud, bank bribery and conspiracy. Each count carries a maximum penalty of 30 years in prison and a $1 million fine. No sentencing date has been scheduled.

Prosecutors contend Patela paid more than $40,000 in bribes to an employee of Spencer Savings Bank in Elmwood Park. Patela's loan for his realty company was approved even though he falsely reported his net worth.

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