So, it would be one thing if Steven Rattner’s firm was the only one accused of being tied up in a “pay to play” scandal for access to New York’s pension funds. It isn’t. Neither is Riverstone Holdings the only other fund stuck in the “fund my shitty movie distribution and I’ll send few hundred million your way” morass.
The New York Attorney General on Thursday charged Aldus Equity Partners managing partner Saul Meyer with violating the Martin Act. He surrendered to authorities and bail was set at $200,000.
Also on Thursday, the Securities and Exchange Commission asked a federal judge to add Aldus and Mr. Meyer as defendants in its complaint in the New York state pension fund investigation.
Paul Shechtman, Mr. Meyer’s lawyer, said: “I learned years ago that it’s far easier for a prosecutor to file a complaint than to prevail at trial. … It’s true and the evidence will show that Saul Meyer did no wrong.”
Aldus Managing Partner Charged in N.Y. Pension Probe [The Wall Street Journal]