Wright Investors’ Service was a minor player, essentially a passive victim, in the machinations that had Norman Seabrook back in Federal court last week with Jona Rechnitz as the primary witness against him in the second round of the U.S. Attorney’s attempt to convict the former Correction Officers Benevolent Association leader of taking a $60,000 bribe in return for investing $20 million of the union’s money with a hedge fund.
But a case could be made—though it wasn’t going to be in U.S. District Judge Alvin Hellerstein’s courtroom—that Wright’s history with COBA traced not only Mr. Seabrook’s 21-year tenure as union president, but the way state politics and investments have long been intertwined.
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