Cuomo creates panel to investigate NY Legislature

Cuomo creates panel to investigate NY Legislature



Gov. Andrew Cuomo established a powerful investigative body Tuesday to examine public corruption, including potential wrongdoing by legislators in campaign fundraising, in an attempt to address what’s seen as a widespread problem in New York government.



Cuomo, announcing the panel at the Capitol, was joined by Attorney General Eric Schneiderman, who said he’ll deputize the commission members. That gives them broad authority to investigate any branch of state government and refer misconduct cases for prosecution. They will also recommend changes in the law and ethics rules, he said.



Cuomo announced his intention two weeks ago after abandoning efforts to get reforms through the legislature. That followed federal bribery and embezzlement charges filed against several state lawmakers this year. Similar commissions ordered by governors over decades have resulted in lengthy corruption probes and arrests.Search a wide selection of skateshoes.



“They’ll follow the money and go where the commission determines to go,” Cuomo said. It’s no legislative witch hunt, he said, noting the federal cases show there are real problems,List of sunglasses Products. but adding that he expects the investigation to vindicate 99 percent of elected officials who are good people.



The committee was established by executive order under both New York’s anti-corruption Moreland Act and the state’s Executive Law. It has subpoena power and will investigate the influence of campaign contributions on state government and compliance with election and lobbying laws. Its preliminary report is due by Dec.Like a lot of women,Custom made bicyclesaddles0? 1, with a final report expected by the end of next year.



“The corruption that now is perceived by the public to be rampant in state government undermines the ability of every part of the state government to function. It has to be addressed comprehensively,” Schneiderman said. “In New York state, we have a voting system that sometimes seems to be set up to make it as hard for people to vote as possible. We have an election law and regulations and enforcement of election law and regulations that sometimes seems like a welcome wagon for pay-to-play schemes.”



Formula One boss Bernie Ecclestone is a polarizing figure in the eyes of many F1 fans -- but he is also a force of nature. Now 82, he still strides up and down pit lane and the paddock area with the same boundless energy that has marked his reign over F1 racing for the past three decades and counting. Sitting down inside his small, unguarded private tent in the paddock area, it was fascinating to watch Ecclestone work at the recent Canadian Grand Prix in Montreal.



Shortly before noon, various celebrity guests -- British actors Michael Fassbender and James McAvoy, and billionaire Cirque de Soleil founder Guy Laliberté -- arrived to pay tribute to him in much the same manner as foreign dignitaries might come to greet a world leader or royal head of state. This is a fitting comparison, however, as Ecclestone has ruled over the sport in a benevolent, iron-fisted way that has seen him transform a formerly rag-tag operation composed of factional racing tribes into a multibillion-dollar global business empire.



Unlike national potentates, however, Ecclestone has little need for ceremony. There is no excess baggage or artifice to his world or manner. He speaks in plain terms using an economy of words to state precisely what he thinks and feels. He has long sealed deals with a single handshake and adheres to an old-world expectation that a person’s word is their bond.



Ecclestone likes to come to the point and has never seen the need to embellish anything. It’s that kind of brutal efficiency that has marked his time as ringmaster of the F1 circus that has become one of the greatest sporting shows on earth. He was the first to identify the ultimate potential of television to turn F1 racing into a world-wide spectacle, and in the process has made billions from his management and ownership of the sport’s commercial activities.



Ecclestone’s business philosophy is essentially one of challenging you to make a deal with him and see how you fare. After all, when in 2000 he (via his family trust) sold a 75-percent stake in F1’s marketing company, his family trust earned $3.37 billion yet still owned 25 percent of the operation while retaining effective management control of the sport. It’s the kind of deal that any business school ought to use as a master case study in the art of outmaneuvering your opponent. The German newsmagazine Der Spiegel described this deal recently as a “brilliant coup.”



But today the master dealmaker is under assault on several fronts. In November 2011, Ecclestone was called upon to testify in a Munich courtroom in the trial of Gerhard Gribkowsky, the former BayernLB banker in Germany who oversaw the 2006 sale of F1 to CVC Capital, a private equity fund, which netted the Ecclestone family trust, Bambino Holidings, a reported $478 million profit. Gribkowsky, BayernLB’s chief risk officer, was accused of accepting a bribe of $44 million (27 million) to deliberately undervalue the shares of F1 so that the bank sold the shares for $800,000,000 rather than the more plausible value of $2.8 billion as has been charged in court documents. Gribkowsky was subsequently found guilty and sentenced to eight and a half years in prison.



Ecclestone admits that Bambino Holidings paid the sum to Gribkowsky but denies it was a bribe, testifying in court that it was the result of a subtle “shakedown” on him by Gribkowsky, who according to Ecclestone was effectively blackmailing the billionaire Briton by threatening to present “false evidence” about him to British tax authorities.



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