Richard Runes, a lobbyist for Glenwood Management, testifying in the corruption trial of Sheldon Silver. Mr. Rune also testified, “He was one of the three most powerful people in the state of New York, governmentally.” Mr. Runes had Glenwood retain a law firm for its tax work, a law firm that would then pay Mr. Silver a referral fee. The fee-sharing arrangement of Mr. Silver with the law firm was written in an agreement separate from the Glenwood retainer agreement with the law firm. Mr. Runes said that he was unaware of the fee arrangement that funneled millions in referral fees to Mr. Silver.
Classic, “Well, everybody does it” or “If I don’t do it, someone else will” rationalizations for agreeing to use a law firm recommended by one of the three most powerful people, governmentally speaking, in New York. What did Mr. Runes think was happenin