N.Y. Corrections Union Head, Fund Manager Arrested

A New York hedge fund manager was accused of bribing the head of New York City’s corrections officers’ union with a Ferragamo bag stuffed with $60,000 in cash to secure a $20 million pension investment (United States v. Seabrook, S.D.N.Y., 16-mag-03626, charged 6/8/16).

Murray Huberfeld, 55, a manager at Platinum Partners LP, and Norman Seabrook, 56, the union chief, were charged June 8 in connection with a two-year scheme that began in November 2013, according a complaint filed in Manhattan federal court. Huberfeld was described by the government as a co-founder of the hedge fund who secretly helped ...