November 17, 2021
Scam/Fraud

NYC hedge funder sentenced to 7 months for COBA scam

Murray Huberfeld, 60, assisted Mayor de Blasio donor Jona Rechnitz in the bribery of former Correction Officers’ Benevolent Association president Norman Seabrook in 2014. Rechnitz gave Seabrook $60,000 cash in a Ferragamo bag as a kickback for investing $20 million of union money in Huberfeld’s hedge fund, Platinum Partners. Huberfeld then reimbursed Rechnitz with Platinum’s money, disguising the payment using an invoice for courtside Knicks tickets.

Read full article here: www.nydailynews.com