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Steve Rattner Payments Linked To New York Kickback Scandal
The Business Insider
| 4/16/09
Posted on 04/16/2009 10:18:50 PM PDT by FromLori
The Treasury's car czar, Steve Rattner, has been dragged into the New York State retirement fund kickback scandal that led to several arrests earlier this week.
Rattner's private equity firm, Quadrangle, paid a finder's fee to one of the defendants in the kickback scheme for a $100 million investment the state retirement fund made in one of Quadrangle's funds.
More troublingly, one of Quadrangle's affiliate companies also paid $88,000 to acquire the DVD distribution rights for a movie produced by the New York State official who made the investment decision and his brothers. Quadrangle made this DVD payment during the time the state was considering making the investment.
According to the Wall Street Journal, Steve Rattner is the Quadrangle executive described in the SEC complaint we've excerpted below. The complaint says Rattner was personally involved in both the payment of the finder's fee and the acquisition of the movie rights.
TOPICS: Government
KEYWORDS: missinglink
1
posted on
04/16/2009 10:18:51 PM PDT
by
FromLori
To: FromLori
It never ends with these clowns, does it? It's beyond amusing. Unfortunately, I worry that people will become desensitized to the fact that Democrats are criminals, and will just accept it as part of the Democrat deal.
2
posted on
04/16/2009 10:26:31 PM PDT
by
ChicagahAl
(Don't blame me. I voted for Sarah.)
To: FromLori
3
posted on
04/16/2009 10:30:47 PM PDT
by
A.A. Cunningham
(Barry Soetoro is a Kenyan communist)
Somebody needs to audit Ellen Rattner’s finances too.
4
posted on
04/16/2009 10:32:30 PM PDT
by
A.A. Cunningham
(Barry Soetoro is a Kenyan communist)
To: FromLori
Good lord, avoid the rush, just throw ALL of them in jail!
5
posted on
04/16/2009 10:50:12 PM PDT
by
FrogMom
(No such thing as an honest democrat!)
To: ChicagahAl
But did he pay taxes on his kickback?
6
posted on
04/17/2009 1:09:50 AM PDT
by
MHT
To: FromLori
Oh dear. He was just standing there minding his own business and then, all of a sudden, he gets dragged into this big awful scandal! "Leave me alone, I don't want any part of you!" he yelled, but the scandal just laughed.
7
posted on
04/17/2009 3:08:04 AM PDT
by
Steely Tom
(RKBA: last line of defense against vote fraud)
To: FromLori
8
posted on
04/17/2009 4:06:56 AM PDT
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: A.A. Cunningham
9
posted on
04/17/2009 4:10:36 AM PDT
by
mewzilla
(In politics the middle way is none at all. John Adams)
To: FromLori
Another crook, liar, or tax cheat sitting in a Obama position.
I am so darn sick of them.
10
posted on
04/17/2009 4:18:47 AM PDT
by
dforest
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