Pay to Play Scandal in NY Nabs Another Investment Firm

The nationwide probe into the "pay-to-play" scandal involving Wall Street firms that paid politically-connected fixers to get them business from pension funds controlled by state officials has ensnared another investment firm. Calling the state government in New York "corrupt," the NY Attorney General Andrew Cuomo announced Thursday that Riverstone Holdings LLC will pay $30 million in restitution and has signed on to a new code of conduct that eliminates middlemen and lobbyists from the process...Full Story
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