Steven Rattner, leader of the administration's auto task force, tied to pay-to-play criminal investigation
Mr. Rattner's former private-equity firm, Quadrangle Group, is one of about 20 investment firms allegedly involved in a long-running pay-to-play investigation. The New York state attorney general's office and the Securities and Exchange Commission allege that investment firms made payments in exchange for investments from the $122 billion New York State Common Retirement Fund.
Mr. Rattner wasn't named in the SEC's complaint, but a person familiar with the matter said he was the senior Quadrangle executive the complaint identifies as meeting with a politically connected consultant about a finder's fee, which Quadrangle later paid after receiving an investment from the New York fund. . . . . .
and they note this.
A Securities and Exchange Commission complaint says a "senior executive" of Mr. Rattner's investment firm met in 2004 with a politically connected consultant about a finder's fee. Later, the complaint says, the firm received an investment from the state pension fund and paid $1.1 million in fees. . . . .