Bond Banker Booth Gave Bribes, Former N.J. County Exec Testifies

Braun, Martin Z.
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p1
Trade Publication
Former Hudson County, New Jersey, Executive Robert Janiszewski testified in the week before June 5, 2003, that Jay Booth, a municipal bond banker well-known in county Democratic politics, handed him 6,000 dollars in cash kickbacks after being selected to manage two bond deals for the county during the 1990s. Janiszewski also said Booth, currently a banker at Jersey City-based Red-Horse Securities LLC, gave him 3,000 dollars on behalf of a vendor who had received an engineering contract. Booth's conduct as a municipal securities broker has come under scrutiny before.


Related Articles

  • Supporters of splitting tax benefits take different paths. Kinnander, Ola // Bond Buyer;03/15/2000, Vol. 331 Issue 30849, p6 

    Reports that the drive by some bond market participants for a product that will allow tax-exempt bonds to be split into parts before being sold in the primary market appears to be gaining momentum in the United States. Division between investment bankers and bond counsel regarding plan designs;...

  • Strong Demand for Calif. Education Specialists. Meyers, Maxwell // Bond Buyer;5/9/2006, Vol. 356 Issue 32377, p7 

    The article reports on the increasing demand from both K-12 and higher education bankers in California despite a decline in issuance for the sector and in education volume in the state. The article reports on education issuance in California from 2002 to 2005. Several education bankers comments...

  • Pittsburgh rattles investment banks. Burke, Jeanne // U.S. Banker;Mar2000, Vol. 110 Issue 3, p22S 

    Reports on the impact on investment bankers of the city of Pittsburgh, Pennsylvania's decision to directly sell municipal bonds over the Internet. Concerns that the Internet will disintermediate brokers out of the business; Increase in the number of potential buyers as a result of the online...

  • Underwriting Fees on California Deals Hit Record Low. Chin, Tonya // Bond Buyer;4/4/2014, Vol. 123 Issue F314, p1 

    The article focuses on the decline in average fees paid to bankers by state and local governments to underwrite a municipal bond deal in California. Peter Stare, vice president at First Southwest Bank, states that California is very competitive market for underwriting. It informs that California...

  • ABA Corporate Trust Committee: Judge's Ruling Could Hurt Trustees. Hume, Lynn // Bond Buyer;6/25/2003, Vol. 344 Issue 31664, p1 

    The American Bankers Association's corporate trust committee is upset with a Washington State judge's ruling against U.S. Trust Co., warning it imposes duties on the company "that are inconsistent with accepted corporate trust industry customs and practices" in the municipal bond market. The ABA...

  • Pacific Coast Bankers' Bank Gets 'Oxygen' Platform. Albanese, Elizabeth // Bond Buyer;8/15/2002, Vol. 341 Issue 31450, p6 

    Reports the acquisition of the BankOxygen Web platform by the Pacific Coast Banker's Bank in San Francisco, California. Access of customers to the municipal bond market; Offer of securities products; Variation of fixed-income and alternative investment products.

  • Washington alert.  // Bond Buyer;02/22/2000, Vol. 331 Issue 30833, p3A 

    Presents brief reports on municipal bonds in the United States as of February 22, 2000. Includes claim by the Securities and Exchange Commission that municipal securities dealers and bankers cannot insulate themselves from liability simply by following industry standards and practices;...

  • Munis Firmer With More of the Same. Scarchilli, Michael // Investment Dealers' Digest;8/6/2010, Vol. 76 Issue 29, p10 

    The article reports on the economic conditions of municipal markets which are said to remain fairly steadier in the U.S. Municipal Market Data are presented showing the scale yielded and retail pricing . It also mentions several investment firms along with the maturation and due periods of their...

  • Bankers Need to know Their Issuer Before Making a Pitch, Panelists Say. O'Brien, Elizabeth // Bond Buyer;12/6/2005, Vol. 354 Issue 32272, p3 

    The article focuses on the suggestions of the Bond Buyer's Third Annual Metro Finance Conference panelists regarding the need for bankers to do background research before pitching underwriting ideas to municipal issuers. For a pitch to be effective, bankers must have a thorough understanding of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics