Pensions

Federal Pension Lawsuit Expanded For All City Workers Called to Military Duty After 9/11

All city workers called to military duty after 9/11 will be represented in a lawsuit to recover unpaid pension funds. In early August, Manhattan U.S. Attorney Preet Bharara filed a class-action lawsuit on behalf of three retired NYPD officers seeking to recoup pension funds they would've earned had ... More >>

Mitt Romney, American Parasite

His years at Bain represent everything you hate about capitalism

Nuns Get Litigious, Sue Boston Archbishop

We have to run a photo of the Flying Nun with every nun story. It's the law.​The Daughters of St. Paul are suing Cardinal Sean P. O'Malley, the archbishop of Boston, in an attempt to get out of an archdiocese-run pension fund. The Boston Globe reports that the group, which consists of around 1 ... More >>

Steve Rattner Agrees to Pay $10M in State Pension Fund Scandal Settlement With Cuomo

​A pre-New Year's Eve deal has been cut between investment big Steven Rattner and outgoing Attorney General Andrew Cuomo to settle charges stemming from Rattner's role in the state pension fund scandal. Rattner, who served as auto czar for President Obama and investment adviser to Mayor Bloomb ... More >>

The Peggy Lipton Affair Takes Down Another Albany Big Shot

​We got yet another fascinating look inside the Albany favors factory yesterday when Andrew Cuomo released his latest revelation in the state pension fund scandal. Pat Lynch, the uber-lobbyist and close friend and ally of Sheldon Silver, was slapped with a half-million-dollar fine and banned f ... More >>

Steve Rattner's E-mails Told a Different Tale on Movie Deal

​The Times gives the Steve Rattner case Page One treatment again today. But this one's a little different from the last time when the former Timesman, who counts both Times publisher Arthur Sulzberger and Mike Bloomberg as close friends and clients, was described as putting his legal troubles ... More >>

Local Nightclubs Need to Stop Resisting Pension Payments for Jazz Musicians

Tom DiNapoli's Appointment Logs: He's Just Too Nice a Guy

​Tom DiNapoli is too nice a guy. The state comptroller apparently can't say no to anyone who wants to meet with him, though he has a mixed record when it comes to delivering what his bellringers want. I've been reading half a foot of DiNapoli's appointment schedules from 2007 to now an ... More >>

Steve Rattner, Financial Genius, Felled By Jackass Movie

Rattner's Folly​Ex-auto bailout king Steve Rattner is reportedly settling his pay-to-play charges stemming from his state pension fund schemes with the Securities Exchange Commission. He'll take a two-year bar from the securities markets, plus ante up $6 million, says the Wall Street Journal. ... More >>

Steve Rattner Still Has a "Chooch" Problem

​Auto bailout czar Steve Rattner is not out of the woods yet. Rattner may be able to put his problems with the Securities Exchange Commission behind him today. But he's still got a ways to go with state Attorney General Andrew Cuomo's office which launched the state pension probe and which has ... More >>

Inside Rick Lazio's Biggest Wall Street Deal—The Chummy E-Mails

Diverting nearly a billion in retiree benefits into subprime risk? Oh, just watch him work the e-mail.

Steve Rattner "Unethical" Say Quadrangle and Cuomo

​A pair of New York City political powerhouses took major public hits today in Andrew Cuomo's latest round of sanctions in his pension fund fraud investigation. The biggest is Steve Rattner, the ex-Times reporter who counts Mike Bloomberg and Arthur Sulzberger Jr. among his close pals. Here's ... More >>

David Loglisci Cops Pension Scam Plea, Says 'Senior Officials' Made Him Do It.

It was another bad day in court for that former New York political power couple, consultant Hank Morris, and his top client, former comptroller Alan Hevesi. The bad news broke about 10:30 this morning when Attorney General Andrew Cuomo's office announced that it had obtained a guilty plea from David ... More >>

The Reinvention of Andrew Cuomo

A Prince of Darkness turns White Knight

New Yorkers Play Santa, Bestow $12K Each on People Who Don't Even Work Here Anymore!

Oh look at the sweet Christmas gifts your taxes bought!​Christmas is coming a little early for certain New Yorkers, thanks to your taxes. Once again, the state is handing out cash bonuses of $12,000 each to thousands of police officers and firefighters who don't even work for the city anymore ... More >>

The Peggy Lipton Affair Brings Down Another Mogul

Cuomo: Financier Broidy Admits Paying Bribes for Pension Fund Investments

​A manager of an $800 million California-based private equity firm has admitted to paying almost a million dollars in bribes to four high-ranking officials in the New York State pension fund between 2002 and 2006, Attorney General Andrew Cuomo announced today. In exchange for these bribes, E ... More >>

Cuomo Takes Harding Scalp in Pension Scandal

The last time Ray Harding tried to give Andrew Cuomo a boost into the governor's mansion, it didn't go too well. Cuomo dropped out of the race; Harding's Liberal Party, which had endorsed Cuomo, lost its ballot line after it failed to get the minimum 50,000 votes in the 2002 race. Today, Hardi ... More >>

Times: Thompson's Investments Not Paying Off

The Times finds that the city's pension fund has "consistently lagged behind many of its public pension peers" under Comptroller (and mayoral candidate) Bill Thompson. For the past seven years, four of five city pension funds earned less than the 4.5 percent median annual return for large public pe ... More >>

Paterson and Unions Agree on Plan; Say it Will Cut Jobs, Benefits, Save $440M

Governor Paterson has announced an agreement with the state employees' unions, whom he has been threatening with massive layoffs for months, that will save the state some money and save the unions some jobs and benefits they might otherwise have lost to forced budget cuts. Per the announcement, th ... More >>

Pension Fixers Go Right on Pushing

What scandal? Thompson's pals keep their edge.

State Pension Fund Loses 26.3 Percent of Value in a Year

Considering how big New York State's pension obligations are, it was a cause for concern when the pension fund started to lose value as the market tumbled, dropping about 20 percent between April and October 2008. So in March the state started investing more in private equity markets -- which, as At ... More >>

Another Probe for Another Ex-Giuliani Aide

There's a blast from the Giuliani past sitting atop the fold on Page B1 of the Times' business section this morning in the form of a photo of Charlie Millard, Rudy's former top economic aide who ran the city's Economic Development Corporation in the Giuliani era. The story about him includes the mos ... More >>

Another Thompson Supporter Rings Up a Big Pension Fund Score

Cuomo, SEC Bust Ramirez in Pension Fund Fraud

Andrew Cuomo (pictured) keeps rolling up skels in the pension fund pay-for-play scandal. Now he's got Julio Ramirez Jr. to plead guilty to a securities fraud violation. Ramirez, a pal of previous indictee Hank Morris, is a placement agent of the sort that has proven troublesome in these matters and ... More >>

Dallas-Based Aldus Exec Caught in New York Pension Fund Scandal

The pension fund scandal that attorney general Andrew Cuomo's investigations and prosecutions have roiled appears to be spreading out. Today Cuomo and the SEC both charged the managing partner of private equity firm Aldus Equity Partners, Saul Meyer, with felony fraud. Meyer, based in Dallas, is an ... More >>

Peggy Lipton, The Girlfriend Who Sparked the Pension Scandal

How a Queens schlub went head over heels for Peggy Lipton and brought down the system

Alan Hevesi Carried a Torch for Robert Torricelli

The dashing ex-senator worked at the same tainted firm as comptroller's aide

DiNapoli Bans Placement Agents from Touching Pension Fund

In the current environment, it makes sense that comptroller Thomas DiNapoli would want to be as squeaky-clean as possible. He was the first statewide official to release his tax returns this year. And now, as the pension fund scandal under former comptroller Alan Hevesi unravels and the papers call ... More >>

Cuomo, Thompson Heating Up Pension Fund Investigations

Hmm. Now that state comptroller DiNapoli's banning placement agents from doing business with the state pension fund-- like what Ray Harding was pretending to do when attorney general Cuomo nabbed him -- city comptroller William Thompson (pictured) is calling for a similar ban here. (He can't just c ... More >>

Hevesi's Friends in Need

Political pals cashed in on pension fund business

Alan Hevesi: Shakedown at the Pension Fund

The fiscal watchdog's team wrote its own rules

Former Hevesi Aide Arraigned on Corruption Charges

After scandal-plagued comptroller Alan Hevesi resigned in 2006, he got off light with a fine, a ban from office, and no jail time. But his consultant Hank Morris quickly fell under Andrew Cuomo's investigative eye for allegedly steering state pension fund contracts in return for "referral fees." Leg ... More >>

Feds: Lawyer Jailed for Impersonation Scammed Others, Too

New York Lawyer Jailed in Toronto for Impersonation

Thompson Uses NYC Pensions to Push For LGBT Worker Protections

Adventures in Google's Contextual Advertising

New Yorkers To Spitzer: Take the Stand

Corp v. Comptroller: Dodging the Question

Morning Report 1/5/06
Vulture in a Coal Mine

Pensions: Why All You Whipper-Snappers Are Walking to Work

Morning Report 7/31/05
Missed Connections

Parking Perk

Cop landlord gets a freebie

The Other Budget Culprit

Giuliani's Role in Fiscal Woes

Carl McCall's Secret Self

A Look Inside the Bizarre World of His Pension-Fund Proxy Votes

An Embarrassment of Riches

Business Big Shots Invest Heavily in Democrat McCall’s Political Future

Hillary: Help Free the Slaves

Are You Backing the Slave Trade?

Fighting Back

One Woman’s Campaign Against Her Former Union Employer

The Pragmatic Politician

Despite his recent troubles, it's business as usual for Carl McCall