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Author Topic: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme  (Read 1926 times)

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Offline bijou

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New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« on: March 20, 2009, 02:47:03 PM »
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Democratic political consultant Hank Morris and a top lieutenant to disgraced former New York Comptroller Alan Hevesi were indicted Thursday in a scheme to trade lucrative investments in the state pension fund for more than $30 million in kickbacks, gifts and campaign contributions, the New York Post reported.

The 123-count indictment against Morris and former state pension-fund manager David Loglisci stems from a two-year pay-to-play probe by state Attorney General Andrew Cuomo.

"Morris used the fund as his own piggy bank," Cuomo said in announcing the bombshell indictment. "The indictment charges crimes that go beyond the grossest manifestations of pay-to-play."

The indictment charges that Morris used his access to the Comptroller's Office to direct more than $4 billion from the pension fund to private equity firms, venture-capital funds and businesses in exchange for bogus "placement fees" and other payoffs.

In exchange for signing off on the dirty deals, the indictment charges Loglisci received hundreds of thousands of dollars in payoffs, including some $290,000 to help his brother film and distribute a poorly received comedy, "Chooch," about two Italian-Americans.

"You couldn't make this up," Cuomo said.

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More Dem crookedness.  BTW, has anyone here seen 'Chooch'?
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Offline Baruch Menachem

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #1 on: March 20, 2009, 03:56:35 PM »
Democrats caught stealing (bonus points if it is a pension fund)

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Offline Chris_

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #2 on: March 20, 2009, 05:09:12 PM »
Hmmmmm, what are the odds they paid taxes on all that income?   :fuelfire:
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Offline Duke Nukum

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #3 on: March 20, 2009, 05:13:02 PM »
Quote from: bijou on March 20, 2009, 02:47:03 PM
link

More Dem crookedness.  BTW, has anyone here seen 'Chooch'?
I bet the indictment is just a way of getting people to see Chooch.  I never heard of it.
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Offline BlueStateSaint

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #4 on: March 20, 2009, 05:19:55 PM »
Working in Albany, all I can say is that I'm not surprised in the least.
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Offline Airwolf

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #5 on: March 20, 2009, 09:12:51 PM »
I'm shocked,shocked I tell you that they found a Democrat that steals!!!!!!!!!!!!!
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Offline MarshallLaw

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Re: New York Democrats Indicted in Alleged $30 Million 'Pay-to-Play' Scheme
« Reply #6 on: March 23, 2009, 08:30:06 AM »
Quote from: bijou on March 20, 2009, 02:47:03 PM
link

More Dem crookedness.  BTW, has anyone here seen 'Chooch'?



Sure, lots of times.


Oh, wait. I'm thinking of something else. Sorry.
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