2010/12/30

Luo Tena $ 10,000,000 investigating corruption cases settled

ew York private equity investment firm Quadrangle Group LLC co-founder Steven - Luo Tena (Steven Rattner) recently said, agreed to pay $ 10,000,000 New York State pension funds taking on the corruption investigation. It is understood that the investigation lasted three years, raised a total of 8 guilty plea. In this survey, Steven - Luo Tena allegedly charged up to a size of 132.8 billion U.S. dollars in New York State Common Retirement Fund (New York State Common Retirement Fund) transactions.
 New York State Attorney General Andrew - Cuomo (Andrew Cuomo) on Thursday, said the settlement means the case with the state Attorney relating to the end of the two lawsuits. Cuomo Foreign Office on Thursday released an e-mail statement, Luo Tena has already agreed to in the next 5 years in New York State no longer exposed to any public funds.
 Cuomo said in a statement: "For the final settlement agreement that I am very satisfied. The case of the reconciliation enables us to continually draw on years of investigation and ultimately a satisfactory conclusion. " Luo Tena, 58, was Barack Obama (Barack Obama), chief automotive industry consultant, said in a statement in the same, just happy to reach an agreement. Luo Tena said: "If I'm in the process led to the investigation of any act of increasing difficulty, I am sorry. I New York State Attorney General and its staff to respect the work that such work is To ensure that New York State public pension funds to operate correctly and meet the best interests of New Yorkers. "It is reported that Andrew - Cuomo (Andrew Cuomo) Luo Tena originally sought compensation in $ 26,000,000, and a lifetime ban from entering the securities industry.