World Media

Cuomo's ex-aide, guilty of 3 felonies in bribery case

Cuomo's ex-aide, guilty of 3 felonies in bribery case

The jury in the federal corruption trial of Joseph Percoco, a former close aide to Gov. Andrew Cuomo, found him guilty on three counts of conspiracy to commit honest services fraud, conspiracy to commit honest services wire fraud and solicitation of bribes and gratuities. Percoco's lawyer could not immediately be reached for comment. A second executive with the company, Joseph Gerardi, was acquitted on all counts. They said Kelly, a former executive at Competitive Power Ventures, hoped to clear hurdles with the state for power plants by paying Percoco's wife $290,000 in salary for a job that required little work.

When the verdict was returned, jurors convicted Percoco on two honest-services-fraud charges and one solicitation-of-bribes-and-gratuity charge. In closing arguments, Assistant U.S. Attorney David Zhou did not apologize for Howe.

The U.S. Attorney for Manhattan, Geoffrey Berman, said in a statement that Percoco had sold "his sacred obligation to honestly and faithfully serve the citizens of NY". The Syracuse men allegedly paid $35,000 for Percoco to help cut red tape on state-funded projects, and push a raise for Aiello's son, who worked for Cuomo.

The almost six-week trial took an unexpected turn in early February when the prosecutors' star witness, former Cuomo aide Todd Howe, was arrested after admitting on the witness stand that he had violated his cooperation agreement.

"Albany stays on trial", said Blair Horner, executive director of the New York Public Interest Research Group, who called the verdict "a wake-up call to Albany to do something to clean up its ethics act". In addition to alleging corrupt dealings with Percoco as he sat just steps away from Cuomo's office, Howe described how he enjoyed cozy, favored access to several officials as a lobbyist and painted an unflattering picture of Cuomo losing his temper at one meeting to curry favor with a donor. Assembly Speaker Sheldon Silver, a Democrat, and former state Senate leader Dean Skelos, a Republican, were both convicted of taking bribes in 2015, but their convictions were overturned by the U.S. Court of Appeals for the 2nd Circuit.

China Merges Banking, Insurance Regulators
The securities and state assets regulators were not mentioned among the proposed changes. The draft also includes a new immigration bureau and changes to the tax system.

Howe, who pleaded guilty to numerous crimes after cooperating with prosecutors, became a focus of the trial when he admitted violating his deal with prosecutors by improperly trying to recover the cost of a night at a luxury Manhattan hotel from a credit card company.

Using Howe's testimony and an extensive record of emails, prosecutors showed Percoco's increasingly urgent pleas to Howe - another longtime confidant of the Cuomos - for "ziti", a term for cash payments that Percoco borrowed from HBO's mafia drama "The Sopranos".

None of the defendants testified. Lawyers for Aiello, Gerardi and Kelly could not immediately be reached.

Kelly was charged with providing Percoco's wife, Lisa Toscano Percoco, with a $90,000-per-year job with a CPV educational program - a salary that, according to trial testimony, she performed little work for, and that was paid through an obscure Connecticut-based firm in order to hide her employment from public view.


  • Russian businessman and friend of Putin critic Boris Berezovsky reportedly found dead

    Russian businessman and friend of Putin critic Boris Berezovsky reportedly found dead

    Last March, he was charged with allegedly defrauding Aeroflot of $122 million and was sentenced to eight years in jail. In the 1990s, Glushkov worked for the state airline, Aeroflot , along with Berezovsky's LogoVaz vehicle company.
    Retail job outlook positive

    Retail job outlook positive

    Twenty-three percent of the state's employers interviewed plan to hire workers, and 4 percent expect to reduce their payrolls. Manpower is out with its employment outlook survey today (Tuesday) on hiring intentions for April through June.
    Buhari Writes NASS To Withhold Electoral Act Amendment

    Buhari Writes NASS To Withhold Electoral Act Amendment

    Lagos chapter on Tuesday appealed to the National Assembly to fast-track passage of the National Electoral Offences Commission bill.
  • Apple announces WWDC, opens registration for developers

    Apple announces WWDC, opens registration for developers

    Apple has announced that its 2018 Worldwide Developers Conference will be held from June 4 to June 8 in San Jose, California. The McEnery Convention Center will once again be home to Apple's developers from across the world.

    Clearbridge Investments LLC Increases Stake in Ross Stores, Inc. (ROST)

    The total dollar value of all 379.43 million outstanding shares is 29 billion. 67,601 were accumulated by Court Place Advisors Lc. Citigroup maintained Ross Stores, Inc . (NASDAQ: ROST ). 257,187 were reported by Todd Asset Management Limited Com.
    Shia LaBeouf on His Arrest and Racist Rant: 'IF*cked Up'

    Shia LaBeouf on His Arrest and Racist Rant: 'IF*cked Up'

    LaBeouf was in Savannah working on the film The Peanut Butter Falcon . "White privilege and desperation and disaster... And finally, "I fucked up". "Around the same time, I took my mother to his concert", LaBeouf tells me.
  • Volkswagen plans to launch one electric auto  per month starting in 2022

    Volkswagen plans to launch one electric auto per month starting in 2022

    The company has already repaid billions in costs and fines for dodging emission level tests. A decision will be made on the battery production supplier for North America, "shortly".
    Microsoft women filed 238 discrimination and harassment complaints: court documents

    Microsoft women filed 238 discrimination and harassment complaints: court documents

    Some significant numbers have popped up in the on-going gender discrimination lawsuit against Microsoft . District Judge James Robart is expected to rule on the plaintiff's class action status soon.

    International Business Machines Corp. (NYSE:IBM) Shares Sold by Prudential Financial Inc

    Curbstone Financial Management Corp owns 37,074 shares or 0.92% of their U.S. portfolio. (NASDAQ:TMUS) for 1.78 million shares. Papp L Roy And Assoc holds 0.4% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 12,845 shares.
  • LSV Asset Management Has $1.21 Million Holdings in Celgene Co. (CELG)

    Following the completion of the transaction, the insider now owns 178,904 shares of the company's stock, valued at $16,441,277.60. The stock of Lockheed Martin Corporation (NYSE:LMT) earned "Underweight" rating by Barclays Capital on Monday, November 30.
    Bharti Airtel board approves Rs 10000-cr NCD issue

    Bharti Airtel board approves Rs 10000-cr NCD issue

    Post the news, shares of Bharti Airtel rose almost 5 per cent and its stock jumped 4.68 per cent to end at Rs 420.75 on BSE. Earlier, Bharti Airtel raised funds from its tower subsidiary Bharti Infratel.
    SC rules: No practising, no setting up office; foreign lawyers can…

    SC rules: No practising, no setting up office; foreign lawyers can…

    However, the Court has allowed foreign lawyers to advise clients in India on a casual, temporary "fly in fly out" basis. For example, it allowed foreign law firms to give legal advice to their clients on foreign laws.