Former Bloomberg Aide Found Guilty of Larceny
October 21st, 2011
John Haggerty, the political consultant charged with stealing millions from Mayor Michael Bloomberg’s campaign, was found guilty of grand larceny in the second degree and his company was found guilty of money laundering in the second degree.
Haggerty avoided the more serious charge of larceny in the first degree. Haggerty was accused of funneling $1.2 million of campaign cash through the Independence Party to strengthen ballot security but instead used $1.1 million of the money to buy a house.
Bloomberg had to testify on the stand and Haggerty’s lawyers claimed Bloomberg lied and that Haggerty was paid for the work he had completed. Haggerty could face 15 years in prison.
The case is seen as a major victory for Manhattan District Attorney Cyrus Vance whose office has suffered major public defeats this year.By David King on October 21, 2011, 2:01 pm
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