Auto task force leader reported under investigation

Steven Rattner, tapped by Barack Obama to head the auto industry task force, is reported to be under investigation over "payments now under scrutiny in a state and federal investigation into an alleged kickback scheme at New York state's pension fund, according to a person familiar with the matter," writes the Wall Street Journal.  The Journal continues:A "senior executive" of Mr. Rattner's firm, Quadrangle Group, met with a politically connected consultant about a finder's fee, then the firm agreed to pay what became a $1.1 million fee after receiving an investment from the state pension fund, according to a Securities and Exchange Commission complaint against two former New York political officials and others.The person identified in the complaint as a "senior executive" is Mr. Rattner, who co-founded Quadrangle, according to the person familiar with the matter. Neither Mr. Rattner nor Quadrangle has been accused of any wrongdoing. Mr. Rattner...(Read Full Post)

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