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Examples
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Mr. Hevesi's plea, to a charge of receiving a reward for official misconduct, related to benefits he said he received from California money manager Elliott Broidy, for whose private-equity firm, Markstone Capital Partners, he approved $250 million in investments from June 2003 through September 2005.
'Pay to Play' Probe Gets Key Guilty Plea; Focus on Rattner Michael Rothfeld 2010
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Mr. Broidy pleaded guilty last year to a felony charge in the investigation, and Markstone Capital agreed in February to repay $18 million in management fees to the Common Retirement Fund.
'Pay to Play' Probe Gets Key Guilty Plea; Focus on Rattner Michael Rothfeld 2010
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Markstone said in a statement that Mr. Broidy, who has resigned, "acted alone" and that it supports Mr. Cuomo's efforts "to ensure transparency and accountability" in the pension-fund investment process.
'Pay to Play' Probe Gets Key Guilty Plea; Focus on Rattner Michael Rothfeld 2010
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Around the same time, Hevesi awarded Broidy's company, Markstone Capital Partners, a $250 million pension fund investment.
The Seattle Times 2011
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Permira will buy the shares from the kibbutzim Hatzerim, Yiftach and Magal and Israeli funds Markstone and Tene.
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Around the same time, Hevesi awarded Broidy's company, Markstone Capital Partners, a $250 million pension fund investment.
The Full Feed from HuffingtonPost.com The Huffington Post News Editors 2011
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Permira will buy the shares from the kibbutzim Hatzerim, Yiftach and Magal and Israeli funds Markstone and Tene.
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In return for the gifts, Hevesi improperly favored a $250 million investment in Markstone Capital Partners -- where Broidy was a principal -- by the pension fund.
Reuters: Top News 2011
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The gifts from Broidy helped Markstone reap $18 million in management fees that Cuomo recovered.
Reuters: Top News 2011
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Markstone describes itself as a private equity fund.
Reuters: Top News 2010
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