Replies to post #65905 on CMG Holdings Group Inc (CMGO)

[Homebrew]

Wrong. Laken was Guilty of Racketeering, Bribery, Fraud.

A N.Y. stockbroker and a Chicago futures trader were convicted Feb. 13 of scheming to bribe union bosses to invest millions of dollars of pension fund money with a corrupt money manager. Stockbroker John M. Black, who authorities say was a Luchese organized crime family associate, and futures trader Glenn B. Laken were convicted today of racketeering, bribery and fraud. Among those whom they planned to bribe were bosses with the Annuity Fund of the N.Y.C. Police Detectives Endowment Ass’n, the independent Production Workers Local 400 in N.Y.C., and Int’l Union of Operating Engineers Local 137 in Briarcliff Manor, N.Y. The verdict was reached at the conclusion of a three-month trial before U.S. Dist. Judge William H. Pauley, III (S.D.N.Y., Clinton).

Source: http://nlpc.org/2002/02/18/two-convicted-scheme-bribe-union-bosses-access-pension-funds/