Daily Archives: April 20, 2009

Former Protection One boss involved in scandal

To every story, there’s a Wichita connection:

The Wall Street Journal reports that Steve Rattner, who has been appointed to run Obama’s automobile industry task force, is being investigated as part of an alleged kickback scheme to gain $122 billion in New York State pension funds for his private equity firm. That firm, Quadrangle Partners, owns 70 percent of Protection One. Rattner sat on Pro One’s board until February when he resigned from Quadrangle to take the administration job.