Albany, NY - Gov. Andrew Cuomo announced Friday that his administration retained a former criminal prosecutor to review his upstate economic development initiatives after learning federal investigators are examining potential conflicts of interest and improper bidding related to the programs.

U.S. Attorney Preet Bharara’s investigation has “raised questions” about improper lobbying and undisclosed conflicts of interest by individuals involved in the Buffalo Billion initiative and efforts to attract nanotechnology investment, according to a statement from Cuomo counsel Alphonso David.

In response, the administration hired Bart Schwartz, formerly head of the U.S. attorney’s criminal division in Manhattan, to conduct an internal investigation.

“The state has reason to believe that in certain programs and regulatory approvals they may have been defrauded by improper bidding and failures to disclose potential conflicts of interest by lobbyists and former state employees,” Schwartz said in a statement. “The U.S. Attorney has an ongoing investigation that has revealed important information in this regard.”... Read More: VIN