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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Carlyle Group paid $20,000,000 fine for alleged bribes in 2009
The very group who the US govt is paying to spy on everyone via Booz Allen:
In March 2009, New York State and federal authorities began an investigation into payments made by Carlyle's Riverstone Holdings subsidiary to placement agents allegedly made in exchange for investments from the New York State Common Retirement System, the state's pension fund. In 2000, Carlyle had entered into a joint venture with Riverstone Holdings, an energy and power focused private equity firm founded by former Goldman Sachs investment bankers. It was alleged that these payments were in fact bribes or kickbacks, made to pension officials who have been under investigation by New York State Attorney General, Andrew Cuomo.[43] In May 2009, Carlyle agreed to pay $20 million in a settlement with Cuomo and accepted changes to its fundraising practices.[44]
http://en.wikipedia.org/wiki/Carlyle_Group#Since_2007
CARLYLE GROUP FINED IN NY PENSION SCANDAL
ASSOCIATED PRESS
Last Updated: 2:28 PM, May 14, 2009
Posted: 12:51 PM, May 14, 2009
One of the nation's largest private equity funds has agreed to pay $20 million over its role in a corruption scandal involving New York's public pension fund.
The Carlyle Group was one of several firms that paid millions of dollars to an aide to New York's former comptroller in exchange for help obtaining investments from the retirement fund. ...
~Snip~
http://www.nypost.com/p/news/regional/item_Y7TIdVqJlQ6A2qZOUYK3zM
ASSOCIATED PRESS
Last Updated: 2:28 PM, May 14, 2009
Posted: 12:51 PM, May 14, 2009
One of the nation's largest private equity funds has agreed to pay $20 million over its role in a corruption scandal involving New York's public pension fund.
The Carlyle Group was one of several firms that paid millions of dollars to an aide to New York's former comptroller in exchange for help obtaining investments from the retirement fund. ...
~Snip~
http://www.nypost.com/p/news/regional/item_Y7TIdVqJlQ6A2qZOUYK3zM
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The Carlyle Group paid $20,000,000 fine for alleged bribes in 2009 (Original Post)
think
Jul 2013
OP
And no one goes to jail. Just quietly pay a fine to make bribery charges go away....
think
Jul 2013
#8
Paid millions of dollars to an aide to former NY comptroller. Isn't Spitzer running for that?
think
Jul 2013
#2
The Carlyle Group is more of the BFEE; they don't recognize laws until they're forced to.
PDJane
Jul 2013
#4
WHUT? Carlyle Group, Bush Group, backed by Bath and bin Laden families, just can't be, must be
Thinkingabout
Jul 2013
#9
WovenGems
(776 posts)1. Crime pays
As least big time white collar does. Steal a billion and pay a one million dollar fine.
bluedigger
(17,087 posts)3. It's just another cost of doing business.
think
(11,641 posts)8. And no one goes to jail. Just quietly pay a fine to make bribery charges go away....
think
(11,641 posts)5. Especially when the company has immunity via secret classification... /nt
think
(11,641 posts)2. Paid millions of dollars to an aide to former NY comptroller. Isn't Spitzer running for that?
PDJane
(10,103 posts)4. The Carlyle Group is more of the BFEE; they don't recognize laws until they're forced to.
And of course they bribe people. Bribes and blackmail, the tried and true methods to get others to do what you want them to, aside from sheer physical force. I suspect they use the force thing, too.
WovenGems
(776 posts)6. The old fashioned way
"we make money the old fashioned way, we steal it" Remember that commercial?
think
(11,641 posts)7. Exactly. Why should Americans trust these crooks to spy on US?
It makes absolutely no sense....
Thinkingabout
(30,058 posts)9. WHUT? Carlyle Group, Bush Group, backed by Bath and bin Laden families, just can't be, must be
Political. This is a dirty rotten group, with deep connections to SEC which protects the Bush Family. George W did not follow the rules in his selling his shares in the two companies he started and did not go to prison but Martha Stewart did.
think
(11,641 posts)10. Yep, and after bribing govt officials they still own Booz Allen. The NSA private contractor.
amazing isn't it.....