HARTFORD, Conn. (AP) _ Former Connecticut Senate Majority Leader William DiBella has agreed to drop his fight against the federal government and pay nearly $800,000 to settle allegations connected to the state treasurer's scandal a decade ago.
A federal judge imposed the fines in March 2008 after a jury found DiBella liable for securities law violations in a civil lawsuit filed by the Securities and Exchange Commission. Court documents show he has agreed to pay the fine by March 12.
The violations were connected to a $374,500 ``finder's fee'' on a state pension fund investment deal DiBella received from then-state Treasurer Paul Silvester's office in 1998. DiBella was never charged criminally.
Silvester later served four years in prison for corruption related to pension fund investments.
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Information from: The Hartford Courant, http://www.courant.com
Copyright 2010 by The Associated Press. All Rights Reserved.
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