A careful review of state documents reveals that Cuomo and Silver are connected by a key figure in the scandal. Both lawmakers have a financial relationship with the same New York real estate mogul, Leonard Litwin, who has in turn relied upon them for preferential tax treatment and other government benefits.
Silver is alleged to have benefited personally from Litwin’s spending -- and there is no dispute that Cuomo has benefited politically from that same largesse.Litwin contributed $1 million to Cuomo’s reelection campaign and another $500,000 to the New York Democratic Party, making him the largest political donor in the state. His money flowed through 27 subsidiaries of his firm, Glenwood Management. Those subsidiaries were also clients of the real estate law firm that paid referral fees to Silver. U.S. Attorney Preet Bharara has alleged that Silver "induce[d] real estate developers with business before the state" to employ the law firm, which in turn made payments to Silver....The Cuomo-run New York State Housing Finance Agency, for instance, approved a $260 million state-supported low-interest loan in 2014 to finance Glenwood’s new luxury apartment building in midtown Manhattan. At the time the loan to Glenwood was approved, the NYHFA was headed by Cuomo appointee Bill Mulrow, an executive and registered lobbyist at Blackstone, a private equity and real estate firm. Mulrow was just appointed to be the governor’s chief of staff. According to NYHFA documents, Glenwood also has had other business with the agency.Similarly, Cuomo in 2011 signed Silver-backed legislation reauthorizing a then-expired property tax abatement for real estate developers called the 421a program. Cuomo also signed an extension of that program in 2013. Litwin’s firm used the 421a program for its Midtown Manhattan project, according to the New York Times. Glenwood has also used the 421a tax break for some of its other properties in the city.
You of course remember Larry Schwartz, Cuomo's secretary, had the Moreland Commission "pull back" subpoenas to REBNY, which Sirota notes has Leonard Litwin as its "honorary chairman."
Funny how Cuomo's secretary didn't want that link between REBNY and Cuomo investigated.
I dunno if Preet Bharara and his feds picked up that investigation or not.
But they certainly should have.
And if they did, I bet Cuomo's got trouble.
Because all that money from Litwin to Cuomo didn't come without strings.