(CBS/AP) An investment company run by the Obama administration's auto task force has been accused of paying more than $1 million to an aide to New York's former comptroller in a bid to win a lucrative deal with the state pension fund.
Steven Rattner was an executive at the Quadrangle Group, a private equity firm, until he left this year to lead President Barack Obama's efforts to fix the U.S. auto industry.
Quadrangle, while under Rattner's watch, paid huge fees to Hank Morris, a political aide to former comptroller Alan Hevesi, the Securities and Exchange Commission said in court papers filed Wednesday. Rattner has not been charged with any wrongdoing. A spokesman for Quadrangle declined to comment Thursday when asked about the company's role.
Quadrangle's link to the investigation has been public for some time, but an SEC complaint filed this week in connection with a new round of indictments provided new details. - CBS News Story
See Also ABC News Story
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