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Conflicts of interest have really paid off for Murray Huberfeld. First, the conflict between former New York City corrections officer union chief Norman Seabrook between his obligations to his fellow guards and his desire to receive large sums of cash stuffed into Ferragamo handbags from Huberfeld in exchange for investing those corrections officers’ pension money in Huberfeld’s allegedly ethically and legally challenged hedge fund, Platinum Partners. Now, sure, in absence of that conflict, Huberfeld would have had a bit less money in the way of fees to play with, but also wouldn’t be going to jail. However, a second conflict, this time on the part of the judge who oversaw Huberfeld’s trial, means he won’t be going to jail for nearly as long as he feared.

A disgraced hedge fund founder was sentenced Tuesday to seven months behind bars for his role in a scheme that screwed the correction officers union out of $20 million…. The long-running case was recently surrounded by intrigue involving Judge Alvin Hellerstein, who sentenced Huberfeld to 2½ years in prison in 2019. That sentence was overturned on appeal.

Hedge fund founder Murray Huberfeld sentenced to 7 months for scam of NYC correction officers’ union [N.Y. Daily News]

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By Chris Potter (Flickr: 3D Judges Gavel) [CC BY 2.0], via Wikimedia Commons

Judge Decides He Won’t Resentence His Friend’s Son’s Former Hedge Fund Colleague

On second glance, yea, Alvin Hellerstein understands why you might think there’s a conflict of interest here.


Ex-Union Boss Resorts To Fundraising Methods Beyond Hedge-Fund-Bribes-In-Handbag

Plus, it’s unclear whether the $100K Norman Seabrook’s family needs would fit into a Ferragamo.

Don’t Even Think Of Delivering Norman Seabrook’s Alleged Bribes In A Coach Bag

Even the deBlasio administration would like you to keep the class in NYC graft.

Rob Lavinsky, – CC-BY-SA-3.0 [CC BY-SA 3.0], via Wikimedia Commons

Hedge Fund Never Wanted $20 Million Investment It (Allegedly) Bribed Someone To Get

Platinum Partners would really like to disassociate itself with certain investors right now.