Fraud Charge for Financier Tied to NY Lt. Governor Benjamin – NBC New York

A New York Metropolis actual property mogul with shut ties to New York Lt. Gov. Brian Benjamin has been indicted for fraud and id theft, a part of an alleged scheme to conceal the supply of contributions to Benjamin’s failed marketing campaign for metropolis workplace.

Manhattan federal prosecutors allege Gerald Migdol schemed for greater than a yr on behalf of “the campaign of a candidate for New York City Comptroller,” ordering the gathering of allegedly fraudulent contributions so the candidate might accumulate public matching funds.

Amongst different issues, the federal government alleges that Migdol personally reimbursed purported donors, and that he directed others to submit bundled “donations” to the marketing campaign from individuals who had by no means truly donated.

Prosecutors didn’t title the candidate of their assertion or in a redacted indictment, however sources acquainted with the investigation confirmed it was Benjamin.

The City previously reported on allegedly questionable donations to the Benjamin marketing campaign, which the marketing campaign pledged to return. Additionally they reported that Migdol’s household — together with a toddler — donated to Benjamin’s marketing campaign for comptroller, and that Benjamin has nominated Migdol for varied group awards.

The Migdol Group’s web site additionally particularly touts the group’s previous help for Benjamin, amongst a choose group of native Democrats.

The lieutenant governor’s workplace was not instantly obtainable to touch upon the indictment.

Benjamin, previously a state senator, completed a distant fourth in June’s Democratic major. Gov. Kathy Hochul named him lieutenant governor in August, changing her after Andrew Cuomo resigned and he or she ascended to the governor’s workplace.

Migdol, 71, faces expenses of wire fraud, conspiracy to commit wire fraud and id theft. Lawyer data was not instantly obtainable. A person answering the telephones at The Migdol Group’s workplaces stated that they had no remark.

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