Tagged: markstone fund
LA’s Elliott Broidy to be served justice for the rich
LA financier Elliott Broidy, who pleaded guilty to paying $1 million in bribes to get New York State’s giant pension funds to invest in his Markstone Fund, is going to get off with a slap on the wrist.
The New York Daily News reported that prosecutors are expected to ask that Broidy’s sentence be reduced to a misdemeanor and no jail time because he’s been such a good such a yeled tov (good boy).
Broidy had been facing four years in prison but he cooperated with investigators and helped put former Comptroller Alan Hevesi in jail.
Sentencing has been delayed to Sept 28 to give the corpulent cretin enough time to pay the $18 million in restitution he owes the state.
Update: During this whole affair, Broidy has retained all his posts on boards and trusteeships, although it’s unclear how he can be trusted with anything. He’s on the board of the Republican Jewish Coalition. He’s also on the Board of Advisors for the USC Marshall School of Business’ Center for Investment Studies; the Simon Weisenthal Center’s Board of Trustees.