Markstone founder pled guilty in pay-to-play investigation

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US - The chairman of private equity firm Markstone Capital Group has pleaded guilty in the on-going investigation of pay-to-play kickback schemes at the New York State Common Retirement Fund (CRF).

According to New York State attorney general Andrew Cuomo's office, Elliott Broidy acknowledged paying nearly US$1m in gifts for the benefit of officials of the office of the New York State comptro...

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