Some background on the company doing the bidding of the Korean syndicate in Ontario.
"Riverstone has a checkered record on the ethical front. In 2009, the company’s founder, David Leuschen was ordered by New York Attorney General Andrew M. .Cuomo to “pay $20 million in restitution to resolve his role in an investigation of corruption involving the state pension fund. Mr. Leuschen’s private equity firm [Riverstone] has already paid $30 million in restitution in the case,” the New York Times reported.Read the entire article at East County Magazine
According to Cuomo, the state pension fund invested $150 into a joint venture between Riverstone and the Carylyle Group in what was described by ABC news as a “pay to play” corruption scandal.
Leuschen is a former director and managing director at Goldman-Sachs who reportedly was instrumental in advising Mobil Oil on its $81 billion merger with Exxon. According to the Louisiana Voice, it was through Carylyle that Leuschen became involved in technology investments in the Middle East; Riverstone and Carlyle partner in “using political connections to solicit the business of public retirement funds from all over the country."
The 'masters of the universe' continue to pillage and plunder.
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