Friday, September 2, 2005

Layers of a Political Onion

Subpoena details emerging
U.S. investigators seek politics link in teachers' files

...The government also clearly appeared to be searching for links at the teachers fund to other pending corruption cases against Levine at the Illinois Health Facilities Planning Board and at Rosalind Franklin University of Medicine and Science in North Chicago.

...Levine is indicted with another former teacher pension trustee, John Glennon, and Jacob Kiferbaum, in a case of alleged kickbacks over construction contracts at the medical school.

...Levine, Kiferbaum and former Bear Stearns & Co. executive P. Nicholas Hurtgen were indicted separately on corruption allegations at the health facilities planning board, where Levine was vice chairman. Hurtgen and Bear Stearns, as well as another former Bear employee, Neil Matthews, were also named in the teachers fund subpoena.

...Also named in the subpoena was Peter Fox, Hurtgen's mentor at Bear, and Knight Infrastructure, which is now called Knight E/A Inc.

...Fox's family is an investor in the firm. Hurtgen's spouse once had owned a share of the firm but divested after her husband was linked to the health board scandal.

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