US - The office of New York State attorney general Andrew Cuomo hit back at media reports suggesting he recused himself from the investigation of a company that he had ties with and allegedly received illegal kickbacks.
The letter said Entrust Capital was never the subject of Cuomo's investigation, which focused on Henry "Hank" Morris, David Loglisci and their associates as well as entities that used or paid Morris as a placement agent. The investigation is targeting pay-to-play issues at the New York State Common Retirement Fund. (Global Pensions; May 7, 2009)
The letter said this was not the case with EnTrust, because EnTrust never used or paid Hank Morris as a placement agent.
It added the statement of the article that said the attorney general recused himself "in investigating EnTrust" was wrong.
It said: "It not only wrongly suggests that EnTrust was under investigation, it also misrepresents the nature of the attorney general's recusal."
According to Cohen, the recusal took place in early 2007, when Cuomo first took office. He said at that time, the attorney general recused himself from all matters involving individuals or entities in which he had a financial interest, including EnTrust.
The latest report by Bloomberg News is available at the following link:
The letter sent by Cohen to Bloomberg News is available at the following link:
http://www.oag.state.ny.us/media_center/2009/june/pdfs/Oster-Bloomberg News Letter 06-24-09.pdf
Cuomo's press office did not immediately return calls seeking further comment.
A Bloomberg News spokesperson did not immediately return an email seeking comment.
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