Tuesday, October 9, 2012

From U.S. Treasury to Nantucket

Carlyle Group co-founder David Rubenstein dined with Treasury Secretary Tim Geithner last Thursday.  He then joined ex-Treasury Secretary Larry Summers at the Nantucket Project.  Convicted felon Jack Abramoff opened the session.  Oddly, the last case involving Carlyle's bribing New York pension officials reached a verdict.  Bloomberg reported:

Loglisci pleaded guilty to a single count of the criminal indictment involving the Carlyle/Riverstone Global Energy and Power Fund II.

Carlyle and Riverstone settled for a combined $70 million.  Justice or "Just Us" PEU mavens?  The panel suggests the latter.