Saturday, February 7, 2015

EPJ Week In Review - Week Ending 2/6/15

Below you'll find everything that has been published on EPJ for the week ended Friday February 6, 2015. The hottest posts for each day are highlighted in red.

Friday 2/6/15
Thursday 2/5/15
Wednesday 2/4/15
Tuesday 2/3/15
Monday 2/2/15
Sunday 2/1/15
Saturday 1/31/15

1 comment:

  1. Cuomo Officials Directed State Loan To Cuomo Donor At Center of Corruption Probe

    Silver is alleged to have benefited personally from Litwin’s spending -- and there is no dispute that Cuomo has benefited politically from that same largesse.

    Litwin contributed $1 million to Cuomo’s reelection campaign and another $500,000 to the New York Democratic Party, making him the largest political donor in the state. His money flowed through 27 subsidiaries of his firm, Glenwood Management. Those subsidiaries were also clients of the real estate law firm that paid referral fees to Silver. U.S. Attorney Preet Bharara has alleged that Silver "induce[d] real estate developers with business before the state" to employ the law firm, which in turn made payments to Silver.

    Neither Cuomo's office nor Glenwood Management responded to International Business Times' request for comment about the governor's relationship with Litwin. But documents reviewed by IBTimes illustrate Cuomo’s role in the developer's state business.

    The Cuomo-run New York State Housing Finance Agency, for instance, approved a $260 million state-supported low-interest loan in 2014 to finance Glenwood’s new luxury apartment building in midtown Manhattan. At the time the loan to Glenwood was approved, the NYHFA was headed by Cuomo appointee Bill Mulrow, an executive and registered lobbyist at Blackstone, a private equity and real estate firm. Mulrow was just appointed to be the governor’s chief of staff. According to NYHFA documents, Glenwood also has had other business with the agency.

    In 2014, Cuomo shut down the Moreland Commission, an anti-corruption panel that was examining the relationship between lawmakers and the real estate industry.