Norman Seabrook once represented guards at Rikers Island, one of the nation’s toughest city jails. He now likely will do some serious prison time. On August 15, Seabrook (in photo), former longtime president of New York City’s Correction Officers Benevolent Association (COBA), was found guilty by a Manhattan federal jury of honest services fraud and conspiracy related to a $60,000 bribe he had taken a few years earlier from the head of a now-bankrupt hedge fund in return for steering $20 million in COBA assets to the fund. The hedge fund CEO, Murray Huberfeld, and his emissary, Jona Rechnitz, already had pleaded guilty. Seabrook’s previous trial ended in a hung jury last November. “I will be vindicated because God is still on his throne,” said Seabrook after his conviction, vowing to appeal. Sentencing is set for November 30.
It wasn’t as if Norman Seabrook needed the money. But in accepting it, he jeopardized the retirement of union members. Last Wednesday, June 8, Seabrook, president of New York City’s Correction Officers Benevolent Association (COBA), was arrested by FBI agents and charged with honest services fraud for receiving $60,000 in cash from an executive of a troubled Manhattan hedge fund, Platinum Partners, in exchange for steering $20 million in union pension money to the fund. Platinum Partners CEO Murray Huberfeld was similarly charged. Seabrook is out on $250,000 bond, but given his ouster by the COBA board, he doesn’t have much to do. U.S. Attorney Preet Bharara (in photo) termed this “a straightforward and explicit bribery scheme.” The actions are part of a wider probe into NYPD corruption.
The Correction Officers Benevolent Association, with more than 9,000 members, is the largest union of its type in the country. And most … Read More ➡