Many areas of the U.S. are in need of developmental assistance. In fact, according to the Department of Housing and Urban Development, wholly 90% of pre-1940 buildings, 80% of pre-1960 buildings, and 62% of pre-1978 buildings have lead. However, these development projects, with millions of dollars in government contracts on the line, often need close scrutiny, as a recent federal investigation shows.
Unfortunately, that’s especially true in New York state, where the ongoing investigation into corruption in Albany continues to get ever more complex.
According to Syracuse.com, both COR Development Co. and former Albany lobbyist Todd Howe are under federal investigation for their involvement with Gov. Andrew Cuomo’s development projects.
What’s even more interesting than the investigation itself is that COR recently sued Howe over a loan the company says Howe failed to repay. COR stated that it lent Howe $85,000 last August and have received no payments on the loan, which was to be paid off, in full, by the end of June.
As their legal battle carries on, the federal investigation against Howe and COR continues to gain media attention. Both parties generic tramadol have been identified as subjects of the investigation into Cuomo’s economic development initiated by U.S. Attorney Preet Bharara.
The Buffalo News reports that Bharara served a federal subpoena to Cuomo’s office requesting information about connected individuals and companies in Buffalo, Brooklyn, Albany, Rochester, Manhattan, Westchester County, the Hudson Valley, Maryland, and Syracuse. The subpoena seeks “all documents or communications related to the investigation by the U.S. Attorney’s office.”
Howe worked alongside COR on many state-assisted projects over the last few years and has since done work for other Central New York companies. Howe’s company, Whiteman Osterman and Hanna, signed a contract in March, four months before the loan, to represent COR. Howe was later fired by his own firm after Bharara’s subpoena.
Bharara is trying to find out whether Joesph Percoco, a former aide to Cuomo with ties to Howe, received illegitimate income from organizations doing business with the state, including COR.
COR officials continue to deny paying Percoco, and according to The New York Times, Howe filed for bankruptcy in 2003 and has nearly $400,000 in federal tax liens against him.