(Photo: Reuters/Mark Hartman)
A businessman at the center of a federal corruption probe involving New York police officers and Mayor Bill de Blasio’s fundraising helped arrange an investment by the correction officers’ union in a hedge fund, a person familiar with the matter said on Thursday.
Jona Rechnitz, who heads a New York real estate firm, referred the president of the city’s Correction Officers’ Benevolent Association, Norman Seabrook, to Platinum Partners, which received an investment of at least $10 million, the source said.
The probe by the Federal Bureau of Investigation and Manhattan U.S. Attorney Preet Bharara’s office is examining whether police officers received gifts and travel from businessmen in exchange for favors, said the source, who was not authorized to speak publicly.
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