Nelson Mullins Partner Settles With SEC in Pay-to-Play Suit
Partner Robert Crowe agreed to pay a little less then $95,000 to resolve allegations that he played a role in a political corruption scheme aimed at helping State Street Bank and Trust Co. secure public pension contracts in Ohio.
May 03, 2017 at 04:26 PM
17 minute read
Nelson Mullins Riley & Scarborough partner Robert Crowe has agreed to pay a little less than $95,000 to resolve allegations that he played a role in a political corruption scheme aimed at helping State Street Bank and Trust Co. secure public pension contracts in Ohio.
Defended by Taft Stettinius & Hollister's Stuart Dornette, Crowe reached a settlement to resolve claims by the U.S. Securities and Exchange Commission, according to documents filed in Ohio federal court on Tuesday. The SEC alleged that in 2010, Crowe served as a “conduit” for improper campaign donations to then-Ohio state treasurer Kevin Boyce.
Under his settlement with the SEC, Crowe agreed to pay civil penalties of $75,000, disgorgement of $16,000, and $3,840.01 in interest, for a total of $94,840.01. Crowe didn't admit or deny any wrongdoing as part of the settlement.
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