Guilty Verdict In Norman Seabrook Retrial

NEW YORK (CBSNewYork) - The former head of the city's correction officers' union was convicted Wednesday on two counts of bribery and conspiracy.

Prosecutors say Norman Seabrook invested $20 million in union pension money in a risky hedge fund in exchange for a $60,000 bribe.

Jona Rechnitz testified he delivered the cash bribe in 2014, while Seabrook's lawyer called Rechnitz "a pathological liar."

Seabrook's first trial ended with a hung jury last year.