Assembly Speaker Sheldon Silver said that he would welcome an ethics probe into his approval of a secret payout of tax money that was used to settle a sexual harassment case.
Three stock traders have been convicted in the second federal trial stemming from a massive probe of insider trading at hedge funds.
Don Chu entered the plea in federal court in Manhattan. He is among 13 people charged so far in a probe of those in the securities industry who give out inside information instead of legitimate research.
The new ethics law agreement in scandal-scarred Albany includes a provision that would allow the Legislature to veto investigations of its own members within the same party. Good-government groups, however, said the overall proposal is still potentially a vast improvement.
The arguments were expected to last all day Wednesday. They’ll include the replaying of some of the hundreds of taped phone conversations made by the government.
The Manhattan district attorney’s office compiled the numbers after the latest guilty plea from a driver. More than a dozen other cases remain open.
FedEx has sued New York Attorney General Andrew Cuomo to stop his fraud probe into the speedy package carrier.