Cuomo: Carlyle Group "Tainted" in Payoff Scam

New York State Attorney General Andrew Cuomo today announced the indictment of Henry (“Hank”) Morris and David Loglisci on 123 charges relating to a multi-mllon dollar payoff scam. They are charged with conspiring to sell access to billions of taxpayer dollars in exchange for millions of dollars in kickbacks and other payments for political and personal gain.

According to the Attorney General's Office:

The indictment charges that Morris and others corrupted billions of dollars worth of investments from which they reaped more than $30 million in undisclosed fees, gifts, and bribes. Over twenty investment deals were allegedly tainted by the defendants’ kickback schemes and fraudulent self-dealing, including the following:

...Five investments involving The Carlyle Group, one of the world’s largest private equity funds, totaling approximately $730 million in capital commitments from the State pension fund. Morris and his partner obtained over $13 million in sham placement fees.

Paying the bribe that, ah, would make you tainted.