The afternoon deal: Criminally inclined
Pay-to-play, pump-and-dump schemes and plain old bribery are on the plate today. Rising above the muck is Quadrangle, which is now looking at starting up a new fund after settling an SEC investigation, a source tells Reuters. Steve Rattner, Quadrangle’s co-founder, is still under scrutiny.
From the Web:
Quadrangle, Cuomo in kickback accord; Rattner eyed (Reuters)
Quadrangle did not admit wrongdoing in agreeing to settle. In a joint statement with Cuomo, it said the principals involved in the alleged improper conduct have left the firm.
Quadrangle’s Anti-Love Letter To Steve Rattner (WSJ)
“If there was any doubt that Steven Rattner parted from Quadrangle Group LLC on less than amicable terms, let that doubt now be laid to rest.”
Goldman Director in Probe (WSJ)
“Wall Street’s most powerful firm is being drawn into the government’s sprawling insider-trading investigation.”
Special Report: Sweethearts in crime (Reuters)
“At one time, the idea of a husband and wife team like the Stones working in tandem to orchestrate a securities fraud might seem like a Wall Street novelty act. But that’s not the case any more.”