A big-time donor to Mayor de Blasio, expected to testify in an upcoming public corruption trial, is more deeply involved in criminal activity than the government lets on, new court papers claim.
A federal judge in Manhattan on Monday refused to dismiss fraud charges against a former Platinum Partners hedge fund executive and a former union leader for New York City prison guards, who claimed their indictment was based on illegal wiretaps.
Bill de Blasio donor Jona Rechnitz’s ties to accused Ponzi schemer Jason Nissen is starting to cause problems for Manhattan federal prosecutors seeking to use Rechnitz as its key witness in an upcoming bribery trial.
New York – A former Manhattan restaurant owner, charged in a case that emerged from a federal corruption investigation of the New York Police Department, has pleaded guilty to running a Ponzi scheme after reaching a deal with federal prosecutors.
Correction union execs weren’t keeping an eye on now-indicted ex-president Norman Seabrook when he invested pension money in a “Ponzi scheme” because he had long showered them with gifts such as cars, a new lawsuit alleges.
Two Platinum Partners hedge funds have sought U.S. Chapter 15 bankruptcy protection as part of an ongoing liquidation effort, according to court documents filed in New York federal court Tuesday.
New York – The former union leader for New York City’s prison guards and a hedge fund financier pleaded not guilty on Friday to engaging in a bribery scheme in a case linked to a widening federal municipal-corruption investigation.
Platinum Partners’ offices were raided by federal agents looking into the hedge fund’s operations after a manager at the firm was charged this month with bribing a union chief, according to a person familiar with the matter.
Three members of the NYPD were busted Monday morning for taking payoffs including a free hooker — in exchange for doing favors for a deep-pocketed fund-raiser for Mayor de Blasio.
The hedge fund manager arrested for allegedly bribing union boss Norman Seabrook once tried to bilk his own sister in an investment scheme targeting dying people in hospices, federal officials said.