Big Brown Bear in Business

Baiting the Big Brown Bear,
FBI Subpoenas Bruno Files
And Press Learns About It

Lost between the front page excitement of the New York Giants' remarkable playoff victory on Sunday and the multi-state primary held Tuesday, a story inside Monday's Times called attention to some unfinished business in Albany.

Under the headline INVESTIGATION INTO BRUNO BROADENS: Pension Fund Records of Unions Are Sought, Danny Hakim wrote on B1 that "Federal authorities have widened their investigation of the Senate majority leader, Joseph L. Bruno, issuing subpoenas to pension funds affiliated with union locals in and around the senator's Albany-area district, people with knowledge of the investigation said.

"Half a dozen union locals in the Albany area have invested tens of millions of dollars with a Connecticut investment firm that has long employed the senator. Mr. Bruno and the investment firm, Wright Investors' Service, severed their ties shortly after the New York Times revealed the investments in December, but neither has been willing to detail what the senator's job was, beyond saying it was related to "business development."
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