NY, NY, United States (ProPublica) – by Justin Elliott
A version of this story was co-published with the Albany Times-Union.
In early 2007, when he was New York State attorney general, Andrew Cuomo brought on a longtime confidant as a consultant on mortgage industry investigations, a move that has gone undisclosed until now.
The friend was Howard Glaser and he had another job at the same time: consultant and lobbyist for the very industry Cuomo was investigating.
Glaser, who went on to become a top state official in Cuomo’s gubernatorial administration, was operating a lucrative consulting firm, the Glaser Group, with a host of mortgage industry clients.
Later that year, Glaser provided insights on Cuomo’s investigations to industry players on a conference call hosted by an investment bank.
Cuomo’s office ended up giving immunity to one of Glaser’s clients a year into his term as attorney general.
In the end, experts say, the mortgage investigations Cuomo touted as “wide-ranging” came to little, even as he held one of the country’s most powerful prosecutorial positions through the financial crisis and its aftermath.
– Provided by ProPublica.org