The Way It’s Done
This definitely has a very Rhode Island ring to it:
When a family-owned Pennsylvania trucking company announced plans early this year to build a New England distribution center in Johnston and create 120 well-paying jobs, Governor Carcieri and Mayor Joseph M. Polisena hailed it as an economic triumph.
But when tax-incentive legislation to help lure the company to Rhode Island went up to the State House, it ran into an unexpected roadblock — Sen. Stephen D. Alves, D-West Warwick, chairman of the powerful Senate Finance Committee.
Now, the FBI is investigating whether Alves killed the measure to punish Polisena for not investing Johnston pension funds with Alves, a stockbroker.
The federal investigation is part of a larger probe of the possible intersection of Alves’ private investment business with his public office — a probe that has reached into Johnston, Woonsocket, Cranston, Lincoln and Alves’ hometown of West Warwick, according to officials in those communities. …
A UBS spokeswoman in New York said Friday that the company is “cooperating fully” with the investigation, but declined to elaborate. She confirmed that Alves has left UBS, but would not say why.
I have no idea how the FBI would prove such a thing. In some places, the controversy would be enough to cost Alves his position, as it may have cost him his job. In Rhode Island… well, in Rhode Island, I suspect we’d be surprised how few people in West Warwick know who he is.