Thursday, March 19, 2009

Shocker! Former Schumer Aide Busted in Million-Dollar Kickback Scheme

Chuckie Schumer was unavailable for comment, naturally.
A longtime Democratic consultant to former state Comptroller Alan Hevesi is one of two men indicted today on a pay-to-play kickback scheme involving the state pension fund, officials said.

Hank Morris, who once worked for Sen. Chuck Schumer (D-NY), and David Loglisci, who served as Hevesi's deputy comptroller for Pension Investment and Cash Management, are the first people to be charged following a two-year investigation by state Attorney General Andrew Cuomo.

Both men were charged with 123 counts, including enterprise corruption, grand larceny, money laundering and Martin Act offenses, according to a 123-page indictment filed in Manhattan Supreme Court.

"By injecting politics and self-dealing into investment decisions at the State pension fund, the defendants are alleged to have corrupted the New York State Comptroller's Office," said Cuomo.

Morris is accused of pocketing $30 million in fees from financial firms that won business with the pension fund during Hevesi's time in office.
I wonder if Schumer will tax 100% of that $30 million?

The Associated Press, naturally, avoids mentioning the word Democrat.

More here.

A real big week for Chuckie Schumer. One of his biggest contributors in Bernie Madoff goes away for life and now one of his former aides gets busted for ripping off millions. Of course the only time we see him preening for the cameras is when he's threatening to tax AIG executives. Funny how his relationship to scandal goes virtually unnoticed.

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