The former head of New York City’s jail officers union was sentenced to more than four years in prison Friday for what federal prosecutors said was accepting bribes in exchange for steering millions of dollars of union money into a risky hedge fund. A jury convicted Norman Seabrook, 58 years old, of honest-services wire fraud and conspiracy after a retrial last year. Federal prosecutors said Mr. Seabrook invested $20 million of union money in the now-defunct hedge fund Platinum Partners in exchange for kickbacks. In 2014,...

Source: Wall Street Journal February 08, 2019 21:56 UTC