IL Pension Perks
Oooh, that'll leave a mark...
Bear Stearns
A second public pension fund in Illinois is taking back a hefty sum of cash it invested with Bear Stearns & Co…
Closer to home, P. Nicholas Hurtgen, a former senior managing director in Bear's Chicago office, is facing criminal charges in an alleged kickback scheme involving suburban hospital construction. He has pleaded not guilty.
Hurtgen, Bear and several other people and companies have surfaced on a federal subpoena seeking records from TRS about "finder's fees" paid to consultants. Neither Hurtgen nor Bear have been accused of any wrongdoing.
Three people, however, have been charged with using those fees as part of an alleged kickback scheme.
posted by Slide @ 11:53 AM
1 Comments
1 Comments:
You haven't followed this blog if you have not seen the connection to Blago.
As far as connections to Doyle, unless their is another tobacco settlement, securitization scheme pending, Hurtgen is more likely to lead the feds to those in charge of such past deals.
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