NEW YORK—The fallout from the corruption conviction of former Gov. Cuomo aide Joseph Percoco on Tuesday is being felt in Albany and in Orange County, where some local politicians are calling for the revocation of permits of a mostly completed power plant linked to the case.
Percoco, a former executive deputy secretary to Gov. Cuomo, was found guilty on Tuesday of soliciting and accepting more than $315,000 in bribes in return for assisting Competitive Power Ventures Inc. of Silver Spring, MD and Syracuse, New York-based real estate developer COR Development in business dealings with New York State. Percoco, 47 of South Salem, NY, was convicted of conspiracy to commit honest services fraud and solicitation of bribes and gratuities.
After an eight-week trial, the jury was deadlocked on corruption charges against former CPV executive Peter Galbraith Kelly Jr. COR executive Steven Aiello was convicted of conspiracy to commit honest services fraud, while another COR executive Joseph Gerardi was acquitted of all charges against him.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
