Under the terms of the plea agreement he signed yesterday, newly-former Sen. Carl Kruger could receive 9 to 11 years in jail and a fine of up to $850,000.
But, as Sen. Liz Krueger pointed out this morning, the former senator will still receive his pension, and because of lax rules governing state campaign finance, can still spend the more than $1 million he has in his remaining campaign account, Friends of Carl. An account named “Carl Kruger” was closed June 15 of this year. In an interview, Krueger said the timing of the disgraced senator’s resignation was also significant.—
“When Carl Kruger submitted his resignation letter, someone said to me, ’You know why he’s doing this. It’s so he can keep his pension,’” Krueger said. “You have to resign before the gavel goes down.”
Krueger said under the state’s new ethics law, a district attorney or the attorney general could seek to revoke Kruger’s pension, which is different than bill she proposed that would automatically nullify a convicted politician’s state pension.
To read more, head to City & State…