Levy's resignation a little more than a year after he took office was announced by his attorney.
“Mr. Levy has concluded that public confidence is so eroded by these circumstances that the only responsible action is to step down," said Edwin J. Jacobs, Levy's attorney. "He does so with great regret and with apologies to his supporters, to the people of Atlantic City and to his family and friends.”
City Council President William H. "Speedy" Marsh was sworn in as acting mayor, The New York Times reported.
Levy, 60, is facing allegations he had misrepresented his service in Vietnam by falsely claiming for years that he had been a member of the Green Berets. Federal officials are looking into whether the exaggerations allowed Levy to receive extra pension benefits from the Department of Veterans Affairs, the newspaper said.
“If he’s done anything wrong, Bob Levy will be completely responsible for it," Jacobs said.
Celebrity Families of 2014 [PHOTOS]