DiNapoli Defends Practice Despite Recent Investigations

There has been recent investigations about former state employees receiving kickbacks in exchange for access to pension fund money. This post on WNYC.org discusses how State Comptroller Thomas DiNapoli is defending his current practices by stating that his office has improved its disclosure practices of its placement agents. DiNapoli has mentioned that all deals made are investigated to monitor how much money is being paid and if there is a relationship that can possibly compromise the deal. Another State Comptroller Alan Hevesi has already been indicted on charges that include enterprise corruption, securities fraud, grand larceny, bribery and money laundering.Will this be enough to defend hisDiNapoli's practice?

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Former Vice President for Houston-based Synagro Faces Money Laundering Charges

Freep.com reports that James R. Rosendall Jr, the former vice president for Houston-based Synagro Technologies, walked into a U.S. District Court in Detroit and pleaded guilty to bribing Detroit officials. Rosendall mentioned to Judge Avern Cohn that city officials expected him to give them things for their support, and that he provided the officials these offerings.

According to the report Rosendall faces up to 11 months in prison and a fine of up to $200,000.

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Army Officer and his Wife Plead Guilty To a Money Laundering Scheme Involving the Department of Defense

The Department of Justice reports that 43 year old John Cockerham, a U.S. army officer, has pleaded guilty to one count of conspiracy to commit bribery and one count of money laundering. Cockerham’s wife, Melissa Cockerham, pleaded guilty to one count of money laundering.

John while deployed in Kuwait was responsible for awarding contracts for services to be delivered to troops in Iraq. John received up to $9 million for awarding illegal contracts, and then directed the contractors to pay his wife and sister to hide the fact that he was accepting bribes. Melissa stored the cash in safe deposit boxes in both Kuwait and Dubai.

John and Melissa have been cooperating with the government in an effort to retrieve the money from overseas banks.

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