TV News LIES

Saturday, Jul 12th

Last update08:03:16 AM GMT

You are here News Economy Former Obama Auto Industry Czar Steven Rattner Will Pay $10 Million in Restitution

Former Obama Auto Industry Czar Steven Rattner Will Pay $10 Million in Restitution

E-mail Print PDF

Steven RattnerSteven Rattner, the former principal of private equity firm Quadrangle Group LLC, will pay $10 million to settle a probe by New York Attorney General Andrew Cuomo of corruption at the state pension fund in a deal that largely ends a three-year investigation that has yielded eight guilty pleas.

Rattner's payment of restitution to the state of New York is less than half of the $26 million Cuomo sought. Rattner also agreed to be banned from appearing in any capacity before any public pension fund in the state for five years, the attorney general’s office said in an e-mailed statement. Cuomo, New York's governor -elect, sought a lifetime ban from the securities industry.

“I am gratified that we have been able to reach an agreement in this case, as it resolves the last major action of our multi-year investigation,” Cuomo said in the statement.

Rattner said in the same statement he was “pleased to have reached a settlement.”

“I apologize if during the course of this process there is anything I did that may have made reaching this agreement more difficult,” he said.

More...


Most Recent Related Stories...


Trump hits Canada with 35 percent tariff

Canada hit with 35% teriffTrump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the...

Fed would have cut US interest rates by now if it weren’t for Trump’s tariffs, says Jerome Powell

Jerome Powell Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...

US dollar has worst first half in more than 50 years amid Trump tariffs

Dollar fallsThe US dollar has had its worst first half-year in more than 50 years, as the...

Federal Reserve holds interest rates, defying Trump’s demand to lower them

rome PowellThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!