NY AG sues former Obama car czar Steven Rattner over his role in pension fund scandal

ap ^ | November 18, 2010 | DAVID B. CARUSO

[george76]

Former Obama car czar Steven Rattner has agreed to pay $6.2 million to settle federal charges over his role in a "pay-to-play" scandal, but says he won't be "bullied" into accepting a harsher penalty from New York authorities.

New York Attorney General Andrew Cuomo filed two lawsuits Thursday accusing Rattner of paying illegal kickbacks to help his private equity firm land a $150 million investment from the state pension fund.

Cuomo is seeking at least $26 million from Rattner, and a lifetime ban from the securities industry.

[bossmechanic]

Oh!
This is Rich!

[MissyMack66]

Good! Thats great, thanks for posting.

[Carley]

Ratner criticized the maoist and now he’s paying the price.

[JohnLongIsland]

Just another ploy for the Kommie Kuomos to extort $$$ from the Rat Rattners, as hey have done successfully through the years...

[Mobties]

Good news! It could have been better if the state employees and elected officials who solicited or accepted these bribes were also prosecuted. The AP story implies bribes were accepted because it says they were paid.

My hope is that should these state employees and officials be found guilty they might continue to receive some sort of state health and other benefits. I'm thinking Sing Sing’s or Attica's plans could accommodate them.

[taildragger]

As one wise caller to Rush once said, Liberty is the absence of threat and the ability top pursue Justice.

No Justice here, if you or I did this, we would be in the big house.

Instead we have indulgences for the apparatchiks via cash, paging Martin Luther...

[george76]

Former Obama “car czar” Steve Rattner paid $10 million to settle two lawsuits on kickback schemes involving New York State’s public pension fund.

Rattner previously paid $6.2 million to settle an SEC lawsuit .

Now working for NYC Bloomberg