DAVID BODNER, DE BLASIO AND OTHERS TO FOLLOW?
LostMessiah, June 8, 2016
We have reported on the connections between Norman Seabrook, David Bodner, Murray Huberfeld and Platinum Partners. We have also reported on the connection between Jona Rechnitz, the others and diamond smuggling but that is not part of this investigation, at least as far as we can see.
Landa, Phillips , Fensterman and others are also connected to Platinum so it remains to be seen what will be their fate. For now, we are reporting on today’s news and basking in a small sense of victory.
News Channel 7 is reporting:
NORMAN SEABROOK, MURRAY HUBERFELD ARRESTED IN CONNECTION WITH FEDERAL PROBE
Norman Seabrook and hedge fund financier Murray Huberfeld were arrested Wednesday morning in connection with a federal corruption investigation.
The two are charged with one count of honest services wire fraud and one count of conspiracy to commit honest services wire fraud. They will appear Wednesday in federal court in Lower Manhattan.
U.S. Attorney Preet Bharara is expected to discuss the arrests at a news conference at 12:30 p.m.
The investigation predates the ongoing corruption probes in the New York City Police Department and the city government.
However, one of the Brooklyn businessmen at the central of the investigation, Jona Rechnitz, is believed to have referred Seabrook to Huberfeld.
According to the criminal complaint, Seabrook received “hundreds of thousands of dollars” in bribes in exchange for his investment of Correction Officer Benevolent Association money into Huberfeld’s Platinum Partners, a Manhattan hedge fund.
In 2014, the complaint says, Seabrook directed a total of $20 million of COBA money to Platinum. After both COBA and Platinum were subpoenaed in 2015, no further money was invested.
Seabrook traveled with former New York City Police Department Chief of Department Philip Banks and the two Brooklyn businessmen at the center of the current corruption investigation. They traveled to Israel and the Dominican Republic.
The complaint says that while in the Dominican Republic in 2013, and after he had been drinking, Seabrook complained to a confidential witness, who already pleaded guilty and is cooperating with the federal government, that he worked hard to invest COBA money and didn’t get anything personally from it.
Seabrook said it was time that “Norman Seabrook got paid.”
The complaint says, the confidential witnesses set up the arrangement with Huberfeld, Seabrook responded by asking, “How much is Norman Seabrook going to get paid?”
On Dec 11, 2014, the confidential witnesses went to Salvatore Ferragamo, described as “Seabrook’s favorite luxury goods store in Manhattan,” and purchased “an expensive bag” for Seabrook, it says. The confidential witnesses placed $60,000 in cash in the Ferragamo bag and gave it to Seabrook. Seabrook “was angry that it was not as much money as he was initially promised.”
Huberfeld has prior arrests, including a 1993 fraud conviction. He also had to settle a separate action with the SEC in 1998. His hedge fund is based in New York.
Union representatives did not immediately respond to requests for comment.
There was no immediate information on an attorney who could comment on Huberfeld’s behalf.
The Associated Press contributed to this report.