‘Pay-to-play’ Rattner agrees to pen-$hun
Bruce Golding and Kaja Whitehouse
New York Post
12/31/2010
…Former Obama administration “car czar” Steven Rattner yesterday walked away from his collision with Attorney General Andrew Cuomo by agreeing to a $10 million fine and a five-year ban on appearing before any state-pension funds.
But Rattner, who headed the massive government bailout of General Motors and Chrysler, admitted no wrongdoing in the massive “pay-to-play” pension scandal that led to the criminal convictions of former state Comptroller Alan Hevesi and seven others.
The case against Rattner involved $1 million in “sham” fees he allegedly paid ex-Hevesi adviser Hank Morris for a $150 million pension-fund investment with his former Quadrangle Fund private-equity firm…
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