As described in the new book, The Jersey Sting, by Pulitzer Prize winning journalists, Ted Sherman and Josh Margolin, this video shows current Hoboken 3rd Ward Councilman Michael Russo agreeing to accept bribes from FBI informant Solomon Dwek, the same informant responsible for the arrest and conviction of former Hoboken mayor Peter Cammarano, and many others.
The complete FBI video, from which this video is an excerpt, includes other admissions of corruption by Councilman Russo, including how he made a backroom deal with current Hoboken City Council President Beth Mason to control City Council and the development approval process, in order to fast-track requests for favored developers. See the full FBI tapes here.