A business partner | Diamond Edge Capital Partners |
A business partner | Avenue Capital Group |
Is Current | no |
Goods | Two of Diamond Edge's lucrative pension fund deals deals involved Avenue Capital Management. |
Notes | In Diamond Edge's controversial pension fund deals, Diamond Edge was paid millions in middleman placement fees. The New York Attorney General's Office, at that time headed by Andrew Cuomo, and the SEC were probing a massive pay-to-play scandal during Alan Hevesi's four years in office as state comptroller, which has already led to two indictments of top Hevesi aides on charges they awarded pension work in exchange for kickbacks. |