The pension scandal that originated in New York but managed to make it all the way to New Mexico and Illinois centers around a movie about a jackass. Oh well between Mayor Langford's cycles of stupidity an now this its nice to see some of the worst abuses in political history orchestrated by a bunch of, well asses:
ALBANY - A $100,000 investment in a bad movie has cost the founder of a financial firm caught up in the pension fund pay-to-play scandal a whopping $20 million.Attorney General Andrew Cuomo Wednesday said David Leuschen, co-founder and senior managing partner of Riverstone Holdings LLC, agreed to pay the restitution to settle his part in the ongoing probe.
After the pension fund committed $150 million to a joint venture between Riverstone and The Carlyle Group, Leuschen is said to have invested $100,000 in the poorly-received film "Chooch."The film was produced by the brother of former Controller Alan Hevesi's chief investment officer.Carlyle, which previously settled for $20 million over other parts of the scandal, was unaware of the Leuschen investment in the film, Cuomo's office said.
Riverstone, which invests in energy and power companies, previously agreed to repay the pension fund $30 million and adhere to a code of conduct pushed by Cuomo to settle the firm's involvement in the scandal.
What will the title of this documentary about this be? By the way this was the same scandal that dogged Obama's first Auto Czar Steve Rattner and most likely led to his leaving that position.
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