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A 28-year-old Dumont man charged along with another driver in the death of record store owner Steve Lenge made bail Monday night and was released pending a court appearance.
Joseph A. Ferretti posted property as his full $50,000 bond, records show.
MUGSHOTS: Police / STORE, LENGE: Property CLIFFVIEW PILOT
Joseph Meyer, 19, of Oviedo, Fla., meanwhile, was still being held on the same amount of bail in the Bergen County Jail.
Both are charged with death by auto, a second-degree crime that has sent those convicted in New Jersey to prison for terms of three to 10 years, depending on various factors.
Ferretti and Meyer work for Gotham Dream Cars of Englewood, which offered drivers of luxury sports cars run of a track around MetLife Stadium for $100 each.
They apparently had just fueled their vehicles before Lenge was killed.
Lenge, 56, was riding his 2011 Triumph to a second job at the Meadowlands Sports Complex — where he helped build the set for the Electric Daisy Festival — when it was struck head-on by one of two 2006 Ferraris around 7:45 Sunday morning on the Berry’s Creek service road. Steve was wearing a helmet, authorities said.
The driver of one of the cars, 19-year-old Joseph Meyer of Florida, lost control coming around a turn, New Jersey State Police said.
The vehicle spun, hit two curbs and caused the driver of the other Ferrari, 28-year-old Joseph Ferretti of Dumont, to lose control of his car, which swerved into the oncoming lane, smashing Steve’s bike, an NJSP spokesman said.
Investigators determined that both cars were speeding, said State Trooper Christopher Kay.
Ferretti, who in 2005 was graduated from Dickinson College in in Carlisle, Pa. with a BS in Science, Mathematics and Physics, is listed as the head of Dream Car Sprints at Gotham, a position he’s held only since March.
Ferretti was one of several employees who moved last year to State Street Corp., a Manhattan financial services company, when it took over investment operations from AllianceBernstein, where he began working in February 2006.
His positions with the companies included business analyst and both a fixed-income client services and institutional asset administrator, according to a LinkedIn update that was removed Monday.
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