The Campaign Spot

Democratic Donor Pleads Guilty in Pension-Fund Scandal

The AP:

A California businessman implicated in a corruption scandal at New York’s public pension fund secretly pleaded guilty to securities fraud two months ago, authorities revealed yesterday.

Julio Ramirez, a former agent for the Wetherly Capital Group, is the sixth person charged and one of two to plead guilty in a probe of alleged kickbacks and influence peddling at the fund during the tenure of former state Comptroller Alan Hevesi.

It will come to as a great surprise to you that the Julio Ramirez employed by the Wetherly Capital Group was a big-ticket Democrat donor. He gave $2,000 to the DNC, $2,000 to John Kerry, $2,500 to the Democratic Congressional Campaign Committee, $2,000 to Ken Salazar, $1,000 to Jane Harman, and smaller amounts to other Democratic candidates.


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