Cuomo to 'set aside' cash from developers facing charges

MarketsAssociated Press

Democratic New York Gov. Andrew Cuomo's re-election campaign will "set aside" $350,000 in contributions from developers facing federal corruption charges.

Basil Smikle, director of the state Democratic Party, said Wednesday the money will go into a separate account pending the case's outcome where it will be available if authorities seek its forfeiture.

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Two other officials aren't waiting for the outcome.

Comptroller Tom DiNapoli will return $23,700 in contributions from the developers.

Attorney General Eric Schneiderman will donate $15,722 in contributions he received to charity.

Five executives at Buffalo-based LPCiminelli and Syracuse-based COR Development face charges they worked to rig bids for lucrative state contracts.

Others charged include ex-Cuomo aide Joe Percoco and State University of New York Polytechnic Institute President Alain Kaloyeros.

The men's attorneys say their clients are innocent.