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Spitzer Took 25G From Wrist-Slap Firm's Man
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| Parent(s) |
Candidate
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| Contributor | Thomas Walker |
| Last Edited | Thomas Walker Jul 22, 2005 11:02am |
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| Category | News |
| Media | Website - Yahoo News |
| News Date | Friday, July 22, 2005 05:00:00 PM UTC0:0 |
| Description | ALBANY — A giant insurer investigated by state Attorney General Eliot Spitzer got what was widely viewed as a slap on the wrist just days after Spitzer pocketed a $25,000 campaign donation from a high-ranking former employee, The Post has learned.
An ex-senior vice president of Aon Corp. — who sources say still consults for the company and spends time at its offices — made the contribution to Spitzer's gubernatorial war chest three days before a settlement with the international insurance broker was announced, records show.
Richard F. Ferrucci, a Long Island resident who worked for Aon from 1993 through late 2003, made the donation on March 1, according to Spitzer's latest campaign fund-raising report. Spitzer's settlement with Aon was announced March 4.
Under the deal, no Aon execs were forced to resign and the company admitted no wrongdoing after being probed for steering business to companies that in turn paid fees back to Aon. The firm paid a $190 million fine.
At the time, critics charged that Spitzer went easy on Aon and noted that the deal differed from a similar case of alleged wrongdoing at insurer Marsh & McLennan, in which the attorney general forced the chairman out and three employees were criminally charged. |
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