Will his bank face sanction for potentially not delving down to the municipal level? Will this lower the bar even further in the classification of those deemed PEPs? Small town mayors? Student council representatives?
“It has been said that democracy is the worst form of government except all the others that have been tried.”
- Sir Winston Churchill, (1874 – 1965)
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http://cityroom.blogs.nytimes.com/2009/07/16/martinez-ex-councilman-pleads-guilty-to-fraud-and-money-laundering/?pagemode=print
JULY 16, 2009, 11:57 AM
Ex-Councilman Admits Fraud and Money Laundering
By RAY RIVERA
Michelle V. Agins/The New York Times
Miguel Martinez served on the City Council from 2002 until this week.
Miguel Martinez, a member of the New York City Council whose once-promising political career ended when he abruptly resigned this week, pleaded guilty on Thursday morning to three felony counts involving the misuse of public money intended for nonprofit organizations.
Each of the charges carries up to a maximum of 20 years in prison, but under a plea agreement with the United States attorney’s office in Manhattan, prosecutors have recommended that he serve 57 to 71 months. The sentencing was scheduled for Oct. 21.
The details of the schemes were unclear Thursday, but more information was expected at a news conference scheduled by the United States attorney’s office for Thursday afternoon.
Mr. Martinez, a Democrat, unexpectedly resigned Tuesday from his seat representing the Washington Heights and Inwood sections of Upper Manhattan.
In court, Mr. Martinez told a federal judge, Paul A. Crotty, that throughout his time on the Council, beginning in 2002, he stole about $106,000, a large portion of which was intended for nonprofit groups, including $15,000 intended for the Washington Heights Art Center and $40,000 for the Upper Manhattan Council Assisting Neighbors. Mr. Martinez also admitted that he had approved fraudulent invoices submitted to his office in exchange for $51,000.
“I was able to engage in these schemes because I was a New York City councilman,” Mr. Martinez said.
Mr. Martinez pleaded guilty to one count of conspiracy to commit mail fraud by depriving citizens of their right to honest government, one count of mail fraud and one count of money laundering. Though prosecutors had recommended the lenient sentence, Judge Crotty said he was not bound by that recommendation.
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