Wednesday, November 16, 2011

News Alert: A Fund-Raiser for New York City Comptroller John C. Liu Is Accused of Fraud

Breaking News Alert
The New York Times
Wednesday, November 16, 2011 -- 1:11 PM EST
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A Fund-Raiser for New York City Comptroller John C. Liu Is Accused of Fraud

A fund-raiser for the New York City comptroller, John C. Liu, whose campaign finances are under federal investigation, was arrested on Wednesday morning on charges of attempted wire fraud and conspiracy, people briefed on the matter said.

The charges against the man, Xing Wu Pan, do not mention Mr. Liu, but say that Mr. Pan served as a bundler — or person who gathers donations from a group of contributors — for a citywide candidate in New York for the 2013 election. A person briefed on the matter said the candidate was Mr. Liu.

The arrest underscores the political peril for Mr. Liu, who is considered a rising star in New York politics and a possible successor to Mayor Michael R. Bloomberg. Mr. Liu has quickly amassed more than $1 million in campaign contributions, but questions have surfaced about the legitimacy of his donations.

Read More:
http://www.nytimes.com/2011/11/17/nyregion/liu-fund-raiser-is-arrested.html?emc=na

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