True News: Wolf at Thompson Door, Part II . Avella Opens A Cut
OUT OF COMPTROLLER, AS SCANDAL SPREADS, CITY COMPTROLLER CANDIDATES LOOK FOR BIGGER ROCK TO HIDE UNDER
NY PensionGate Explodes in New Mexico
Follow the Pension Money: NY Magazine Hangs Morris, Rattner Richardson Not Involved?
NY's Watergate: Several Slush Fund Cover-up
More Media Blinders How did the rating firms miss the deal going on at the bankrupt Lehman Brothers or a Bear Stern, Citibank or the dozens of other banks and financial houses who destroyed the nations economy. Have these rating firms every heard of a derivative? With California and now Ohio suing the rating companies it real amazing that there is not more media coverage of what caused the economic melt down Ohio Sues Rating Firms for Losses in Funds
McCall Back to the Liu Future? The NYT reported on August 23, 2002 that the just appointed head of Comptroller John Liu Elect Transition team as State Comptroller allowed pay to play Accountants and law firms Gave to Carl McCall After Getting State Contract "Law firms have given Mr. McCall nearly $200,000 in campaign donations. In the Cendant case, Mr. McCall did not interfere when the courts awarded the firms $262 million in legal fees (from the pension fund) -- by one calculation, $10,000 an hour." Carl McCall is also under investigation by the the AG in the pension scandal is to be named to head John Liu transition team. No stranger to Play to Play McCall firm Convent Capital was subpoenaed in May of this year, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi
Pay to Play Liu Already? Carl McCall under investigation by the the AG in the pension scandal is to be named to head John Liu transition team. McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. In a 2002 article on pensions and politics a New York Sun editorial stated that "The New York Times reported that 35 percent of McCall's $5.2 million reelection campaign fund came from firms that received contracts to manage the state's pension fund. It cited one California firm that received an $85 million contract last December, three days after executives donated $16,000 to McCall's campaign. Two months earlier, the paper made similar charges regarding law firms doing business with the comptroller's office. A glowing Times endorsement was a big help to McCall in '94—he can probably forget about that in '98. The Village Voice in an article by Wayne Barrett also in 2002 reported on how Comptroller McCall ignored using the pension funds
Pay to Play Pension Boss McCall As usually it what the NYP does not say in there story about the pension manager firm Ariel Capital Management that is most important. McCall firm skips city biz Ariel an investment company tied to Carl McCall -- and fired by the city last year -- says it won't bid for city pension business while he's the chief adviser to incoming city Comptroller John Liu. McCall's job with Comptroller Liu is that of transition chief that will expire once the comptrollers office is fully staffed. Does that mean the company which was dismissed over disappointing returns and involved in pay to play with the outgoing Thompson ($30,000 to the campaigns contibution) will return once McCall is finish with the transition. After all a lot of people in Liu office will owe their jobs to him. And McCall has done business with more than one company who do New York pension fund business and was no stranger to pay to play when he was comptroller Accountants and law firms Gave to Carl McCall After Getting State Contract *** Carl McCall is also under investigation by the the AG in the pension scandal is to be named to head John Liu transition team * McCall's linked to pension fund mess *** Ex-Comptroller Carl McCall Is Part of New York Pension Inquiry McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. What about Ariel Capital Management? McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. Ariel Capital Management was a big contributor to indicted former Chicago Governor Blagojevich Pension fund firms big donors to gov :: CHICAGO SUN-TIMES * The Wolf at Thompson's Door * Everyone is Covering Up the Pension Scandal for Their Own Reasons UPDATE CalPERS probing investment advisor's ties to middleman Documents show Alfred J.R. Villalobos was helping private equity firms win deals with the California pension fund while also working for a firm hired by CalPERS to give it investment advice. Villalobos firm Arvco CapitalAfter Introduction From Ferrer, Firm Earned $100,000 From State Pension Fund
More From the NYT Editorial The Temptations of $126 Billion
"Earlier this month, a California venture capitalist pleaded guilty to helping his company land a very rich deal with New York’s pension fund. In order to manage a $250 million portion of the $126 billion state pension, Elliott Broidy gave nearly $1 million in gifts to officials in the state comptroller’s office. . . Mr. Hevesi resigned three years ago after admitting to a felony. Since then, two of his top former associates are fighting criminal charges relating to the pension fund investments. Four others have pleaded guilty for security fraud, including one of the last political bosses in the state: Raymond Harding, who was a leader of the Liberal Party. And an investigation of New York’s pension scandal by Attorney General Andrew Cuomo and the Securities and Exchange Commission is ongoing. New York’s pension fund desperately needs protection. It needs to be guarded by financial experts and watched carefully by the public. It is about more than the fundamental need for good government in Albany, although that’s enough for most people. If the pension loses ground, taxpayers must make up the difference. The Temptations of $126 Billion. "
Late Night Report Suggests Paterson Allowed Evidence to Be Leaked (NYT) * David Grandeau Former State Lobbying Commission Executive Director David Grandeau tells us why he thinks Judge Kaye’s report clearly suggests that Gov. Paterson violated the Public Officer’s Law. * Bill to aid sick 9/11 responders fails in House
PensionGate Case Clears Court Challenge
Breaking News Charges upheld in NY pension fund corruption case A judge has refused to toss out most of the charges against a political consultant accused of conspiring with New York officials to drain $19 million in undeserved fees from the state pension fund (NYP)
Morris was tempered by some harsh language in the judge's 85-page decision, which slams Morris for allegedly being the mastermind behind a lucrative "toll gate" for any equity or hedge fund that wanted a piece of the state's massive, more than $120 billion pension pot. * Only funds that were willing to pay massive brokerage fees to Morris and his accomplices were able to do business with the state, the Attorney General's Office has charged -- an alleged scheme Manhattan Supreme Court Justice Lewis Bart Stone said deprived the state's one million pensioners of the "opportunity to have a safer, better or more balanced portfolio." * Charges upheld in NY pension fund corruption case * Ex-Hevesi Aide Faces Trial on Most Counts in New York Pension-Fund Probe Bloomberg * Political Consultant Faces 77 Charges In Pension Fund Scandal NY1
Spotlight on SEC and Ratner Rattner '74 facing ban from securities industry
Organized Crime Politics: Comptroller Office for Sale $$$
Whose Guarding the People's Pensions?
NY PensionGate Explodes in New Mexico
Follow the Pension Money: NY Magazine Hangs Morris, Rattner Richardson Not Involved?
Everyone is Covering Up the Pension Scandal for Their Own Reasons
Who's Afraid of Steve Rattner? Everyone?
Steve Rattner the Untouchable
NY's Watergate: Several Slush Fund Cover-up
More Media Blinders How did the rating firms miss the deal going on at the bankrupt Lehman Brothers or a Bear Stern, Citibank or the dozens of other banks and financial houses who destroyed the nations economy. Have these rating firms every heard of a derivative? With California and now Ohio suing the rating companies it real amazing that there is not more media coverage of what caused the economic melt down Ohio Sues Rating Firms for Losses in Funds
Pay to Play Liu Already? Carl McCall under investigation by the the AG in the pension scandal is to be named to head John Liu transition team. McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. In a 2002 article on pensions and politics a New York Sun editorial stated that "The New York Times reported that 35 percent of McCall's $5.2 million reelection campaign fund came from firms that received contracts to manage the state's pension fund. It cited one California firm that received an $85 million contract last December, three days after executives donated $16,000 to McCall's campaign. Two months earlier, the paper made similar charges regarding law firms doing business with the comptroller's office. A glowing Times endorsement was a big help to McCall in '94—he can probably forget about that in '98. The Village Voice in an article by Wayne Barrett also in 2002 reported on how Comptroller McCall ignored using the pension funds
Pay to Play Pension Boss McCall As usually it what the NYP does not say in there story about the pension manager firm Ariel Capital Management that is most important. McCall firm skips city biz Ariel an investment company tied to Carl McCall -- and fired by the city last year -- says it won't bid for city pension business while he's the chief adviser to incoming city Comptroller John Liu. McCall's job with Comptroller Liu is that of transition chief that will expire once the comptrollers office is fully staffed. Does that mean the company which was dismissed over disappointing returns and involved in pay to play with the outgoing Thompson ($30,000 to the campaigns contibution) will return once McCall is finish with the transition. After all a lot of people in Liu office will owe their jobs to him. And McCall has done business with more than one company who do New York pension fund business and was no stranger to pay to play when he was comptroller Accountants and law firms Gave to Carl McCall After Getting State Contract *** Carl McCall is also under investigation by the the AG in the pension scandal is to be named to head John Liu transition team * McCall's linked to pension fund mess *** Ex-Comptroller Carl McCall Is Part of New York Pension Inquiry McCall firm Convent Capital was subpoenaed in May, because he accepted a money manager fee and was unlicensed by the SEC. McCall received $48,221 for assisting Steinberg Asset Management in 2005 which received 25 million in pension funds from State Comptroller Hevesi. After he turned over the papers McCall said in a statement, that this is the only deal in which he participated involving the fund he once controlled. What about Ariel Capital Management? McCall is the former State Comptroller(1993 to 2002). McCall also admitted that he talk to Mr. Loglisci, who is currently indicted for his role in the pension scandal. Ariel Capital Management was a big contributor to indicted former Chicago Governor Blagojevich Pension fund firms big donors to gov :: CHICAGO SUN-TIMES * The Wolf at Thompson's Door * Everyone is Covering Up the Pension Scandal for Their Own Reasons UPDATE CalPERS probing investment advisor's ties to middleman Documents show Alfred J.R. Villalobos was helping private equity firms win deals with the California pension fund while also working for a firm hired by CalPERS to give it investment advice. Villalobos firm Arvco CapitalAfter Introduction From Ferrer, Firm Earned $100,000 From State Pension Fund
More From the NYT Editorial The Temptations of $126 Billion
"Earlier this month, a California venture capitalist pleaded guilty to helping his company land a very rich deal with New York’s pension fund. In order to manage a $250 million portion of the $126 billion state pension, Elliott Broidy gave nearly $1 million in gifts to officials in the state comptroller’s office. . . Mr. Hevesi resigned three years ago after admitting to a felony. Since then, two of his top former associates are fighting criminal charges relating to the pension fund investments. Four others have pleaded guilty for security fraud, including one of the last political bosses in the state: Raymond Harding, who was a leader of the Liberal Party. And an investigation of New York’s pension scandal by Attorney General Andrew Cuomo and the Securities and Exchange Commission is ongoing. New York’s pension fund desperately needs protection. It needs to be guarded by financial experts and watched carefully by the public. It is about more than the fundamental need for good government in Albany, although that’s enough for most people. If the pension loses ground, taxpayers must make up the difference. The Temptations of $126 Billion. "
Pension Corruption Bill Ignored by Assembly and Editorial Boards
True News Pension Investigation: The Tail That Wags the Dog Again
Thursday, July 29, 2010
Paterson's Innocent of What? What Will Both the former NYS Police Superintendent Say? Pedro Perez, Harry Corbitt
Late Night Report Suggests Paterson Allowed Evidence to Be Leaked (NYT) * David Grandeau Former State Lobbying Commission Executive Director David Grandeau tells us why he thinks Judge Kaye’s report clearly suggests that Gov. Paterson violated the Public Officer’s Law. * Bill to aid sick 9/11 responders fails in House
PensionGate Case Clears Court Challenge
Breaking News Charges upheld in NY pension fund corruption case A judge has refused to toss out most of the charges against a political consultant accused of conspiring with New York officials to drain $19 million in undeserved fees from the state pension fund (NYP)
Morris was tempered by some harsh language in the judge's 85-page decision, which slams Morris for allegedly being the mastermind behind a lucrative "toll gate" for any equity or hedge fund that wanted a piece of the state's massive, more than $120 billion pension pot. * Only funds that were willing to pay massive brokerage fees to Morris and his accomplices were able to do business with the state, the Attorney General's Office has charged -- an alleged scheme Manhattan Supreme Court Justice Lewis Bart Stone said deprived the state's one million pensioners of the "opportunity to have a safer, better or more balanced portfolio." * Charges upheld in NY pension fund corruption case * Ex-Hevesi Aide Faces Trial on Most Counts in New York Pension-Fund Probe Bloomberg * Political Consultant Faces 77 Charges In Pension Fund Scandal NY1
* Judge in Morris Case Revises Charges (NYT) * A win for the State in Aqueduct case
Spotlight on SEC and Ratner Rattner '74 facing ban from securities industry
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