Saul Meyer Pleads Guilty in Kickback Scam
NY Attorney General Andrew Cuomo today announced two guilty pleas in the kickback scandal involving state pension fund investments into private equity. The pleaders were: Saul Meyer, founding partner of private equity "gatekeeper" Aldus Equity, and Ray Harding, former head of the New York Liberal Party. Both have admitted to violating the Martin Act, and will be considered convicted felons unless a judge later removes that designation based on cooperation with the ongoing investigation. No word yet on whether either Meyer or Harding will face jailtime, as sentencing will be determined by a judge at the case's conclusion (Cuomo's office will make a recommendation). Cuomo also said that Meyer "is cooperating" with similar investigations in other states, including one led by
