Amazing anyone gives Rattner any credibility. Just another crook in a suit.
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The private equity firm Rattner co-founded is the focus of pay-to-play accusations made by the New York State Attorney General, and the Securities and Exchange Commission (SEC).[6] Rattner, as a Quadrangle executive, arranged a 1.1 million dollar fee to be paid to the now indicted Henry “Hank” Morris. Quadrangle subsequently received investments from the NY Pension fund.[7][8] According to the Wall Street Journal, Rattner was the "senior executive" of the SEC complaint in the probe of the alleged kickback scheme at New York state's pension fund.[9] Rattner will settle with the Securities and Exchange Commission, accepting a multiple-year ban from the securities industry. He will also pay a fine of over $5 million.[10]
On April 15, 2010, Quadrangle stated, "We wholly disavow the conduct engaged in by Steve Rattner, who hired the New York State Comptroller’s political consultant, Hank Morris, to arrange an investment from the New York State Common Retirement Fund. That conduct was inappropriate, wrong, and unethical." as it agreed to a $7 million fine.[11]
"On January 14, 2005, the Good Times CEO sent an email to Rattner reporting to him that Good Times was moving forward with the Chooch distribution deal and “wanted to bring it to [his] attention as a potential relationship issue.” Rattner forwarded the email to Morris, telling him, “This is Steve Loglisci’s project. Wanted you to be aware.”" Morris told Rattner to contribute to Hevesi indirectly. "Thereafter, Rattner asked a Democratic donor he knew to contribute to Hevesi. That person and his wife each subsequently gave approximately $25,000 to Hevesi for New York. 70. Shortly thereafter, the CRF increased its investment in QCPII from $100 million to $150 million." [12] |
