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Friday, May 4, 2012
First Guilty Plea In NYC City Council Slush Fund
Many New York City politicians may be sweating bullets right now.
The first New York City politician to plead guilty in the three-year-long federal investigation into the City Council's "slush fund" practices was former Councilman (and later disgraced state senator) Hiram Monserrate earlier today, according to this New York Post report. Monserrate faces up to 27 months (equating to less than two years under federal guidelines for early release) in prison. No indication if Monserrate will now "cooperate" with the government in its investigations of others.
As I explained nearly three years ago in Crime, Politics & Policy, the alleged slush fund practices were surely fraudulent and illegal. The illegality and criminal complicity may extend far and wide within both the City Council and even possibly the administration of Mayor Mike Bloomberg.
Eric Dixon is a New York investigative attorney who is admitted to the bar in both New York and New Jersey.