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NYC correction union head, hedge founder face charges NEW YORK — The head of the New York City correction officers' union is facing federal corruption charges along with a hedge-fund founder.The FBI confirmed that Norman Seabrook and Murray Huberfeld, the founder of a New York-based hedge fund, were arrested early Wednesday.The U.S. attorney's office in Manhattan said it would hold a news conference later Wednesday to discuss the charges against the men.A 17-page indictment says Huberfeld "agreed to pay kickbacks to Seabrook." It says that in return, Seabrook agreed to "direct transfers of millions of dollars" in union retiree benefit and operating funds to a hedge fund operated by Huberfeld and others.More: http://www.msn.com/en-us/news/crime/nyc-correction-union-head-hedge-founder-face-charges/ar-AAgNmQ5?ocid=ansmsnnews11
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Topic: NYC correction union head, hedge founder face charges (Read 687 times)
