Thursday, December 03, 2009

Green Power investment companies and the State Pension Fund scandals

RIVERSTONE HOLDINGS is financing the Prattsburgh [NY] Wind Project and the Italy [NY] Wind Project. Apparently RIVERSTONE HOLDINGS is involved in some shady investment dealings in the State Pension system of NY.

"...New York's scandal and a related inquiry in California have also touched two private equity firms in which Oregon has invested, RIVERSTONE HOLDINGS and MARKSTONE CAPITAL PARTNERS. The former was named in the SEC's New York indictment. The latter has been mentioned in some of the more salacious allegations in New York, and its chairman was asked for financial records by the SEC in connection with an inquiry at the Los Angeles Fire and Police Pensions. A Markstone spokesman stressed that the firm had not been mentioned in any criminal indictment. ..."
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MARKSTONE CAPITAL PARTNERS is heavily involved in 'green economic development' [see article further below].

Today 03 December 2009, Attorney General Andrew M. Cuomo today announced a guilty plea by the founder of Markstone Capital Partners, L.P. (the “Markstone Fund”) for crooked investments influence dealing with the Pension Fund of the State of New York.
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see page 1 of this document which lists Scott Gluck of MARKSTONE CAPITAL PARTNERS as a member of the select working group in the "Economic Development of the Green Sector" Policy Brief of June 2006
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see page 20 of this document which lists Scott Gluck of MARKSTONE CAPITAL PARTNERS as a "Participant" in the "Economic Development of the Green Sector" Policy Brief of June 2006
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