Posts tagged hedge fund
Judge orders ex-jail union boss to be freed in bribery case
February 27, 2023 // Norman Seabrook originally was sentenced to 58 months in prison on his federal conviction for taking bribes to put $20 million in union pension money into a risky hedge fund. The union lost $19 million. But U.S. District Judge Alvin K. Hellerstein said Seabrook's sentence is now unfair — because a co-defendant appealed and got his own prison term reduced to just over a year. “There is now an unjust disparity” between the defendants' sentences, Hellerstein wrote in an opinion Thursday. Hellerstein himself originally sentenced both defendants.
Judge eyes shorter sentence for ex-NYC jails union boss
April 20, 2022 // But he also said the former head of the New York City Correction Officers’ Benevolent Association did not deserve a new trial. Prosecutors said he accepted $60,000 in bribes in 2014 to funnel $20 million in union funds to a risky hedge fund.