Ex-Philly Treasurer Says Mayor's Aide Often Chose Underwriters

Cataldo, Adam L.
February 2005
Bond Buyer;2/24/2005, Vol. 351 Issue 32077, p1
Trade Publication
The article reports that Folasade Olanipekun, a former city treasurer has testified in the Philadelphia, Pennsylvania pay-to-play case yesterday that a top aide to Mayor John Street often chose lead underwriters and bond counsel on large bond transactions. Olanipekun, who was Philadelphia's treasurer for two years, testified that she often dealt with George Burrell, a top official in the Street administration, when putting bond teams together for upcoming transactions. Olanipekun testified that at times she would assemble teams for deals and then send a list of those selected over to city hall for review.


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