A retired Hasbrouck Heights police officer has reportedly confessed to murdering his childhood friend in a dispute over money.

The suspect was a police officer with the Hasbrouck Heights Police Department for seven years before retiring in 2008. At the time of his retirement, the suspect was only 29 years old.

According to officials, the suspect was visiting the victim in Wood-Ridge NJ in December 2011 when the two pals got into a heated dispute over a financial matter.

At some point during the heated argument, things escalated and became physical. The suspect then allegedly grabbed a knife and stabbed the victim. After reportedly using the knife on the victim, the suspect allegedly picked up a hammer and struck the victim one more time.

The suspect was later placed under arrest. In July 2012, the suspect was indicted on murder charges, as well as criminal charges for theft, hindering apprehension, and unlawful possession of a weapon.

The suspect recently made an appearance in Bergen County Superior Court in Hackensack NJ, where he reportedly admitted to committing the homicide.

The suspect reached an agreement with the Bergen County Prosecutor’s Office that calls for him to enter a guilty plea on charges of aggravated manslaughter.

Although the suspect was subject to a potential life sentence had the case had gone to trial in Bergen County Superior Court, he will instead be sentenced to a term of 25 years in NJ State Prison.

According to law enforcement, the suspect has prior arrests on his permanent record. In 2011, just two years after he retired from the police department, the suspect was placed under arrest for prescription drug possession.

For additional information about this case, read the NJ.com article entitled “Ex-N.J. Cop Confesses to Killing Childhood Friend, Report Says.”