Corruption Currents: Union Boss, Financier Arrested in New York.
arrested on federal fraud charges; he allegedly took an array of bribes, including cash in a Ferragamo bag. A hedge fund financier was also arrested. The mayor called the allegations “disgusting.” (NY Times, WSJ, NY Daily News, NY Mag, Politico NY)
As federal agents tell it, the kickback scheme that led to the arrest on Wednesday of Norman Seabrook, the powerful leader of the New York City correction officers’ union, was hatched one night in late 2013 in a hotel room in the Dominican Republic.
The union president had been drinking and was delivering an earful to a well-connected New York real estate developer, according to the agents. For too long, Mr. Seabrook complained, he had been working hard to invest the union’s money and had not received anything in return.
It was time, he said, that “Norman Seabrook got paid.”
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