Norman Seabrook has been the president of the New York City Correction Officer’s Union (NY C.O.B.A.) for the past 20 years… fighting for the “rights” (?) of his 9,000 members: Salary increases, safety, workplace violence, time off and more vacation.
Yet, Wednesday that came to a full stop.Seabrook was arrested at 6 a.m. inside his Bronx home on federal corruption charges along with hedge fund manager Murray Huberfeld, who runs a company called Platinum Partners.
According to U.S. Attorney Preet Bharara, between 2013 and 2015, Seabrook agreed to invest his own unions pension money into Huberfeld’s hedge fund, but there was a catch. Seabrook wanted kickbacks, cash money. In court documents, a man, only identified as “CW-1,” helped Seabrook and Huberfeld’s transaction happen. It was a quid-pro-quo: Seabrook would funnel $200 million of Correction Officer’s Union money into the hedge fund, for the promise of $150,000 in kickbacks.
In December of 2014, “CW-1” purchased an $800 dollar Salvatore Ferragamo bag and filled it with $60,000 cash. He then drove it to Manhattan and met Seabrook in midtown where the exchange was made.Seabrook was allegedly annoyed that the full amount was not in the bag.Bharara says that when FBI agents collected evidence at Seabrook’s Bronx home, the Ferragamo back was among the items collected. Huberfeld hid the $60,000 transaction by creating a phony receipt for 16 New York Knicks tickets.
Inside court Wednesday, Seabrook showed up in baggy jeans, an untucked shirt and flip flops, a far cry from the fine-pressed suits and Ferragamo shoes he often wears… Source: President of NYC corrections union charged with wire fraud