Sen. Mae Flexer, D-Killingly, and Rep. Josh Elliott, D-Hamden, filed amendments on 35 different bills to change the Democrats’ budget that would make the nonprofit corporation created with billionaire investor Ray Dalio’s $100 million education investment subject to the state’s Freedom of Information laws. The budget is being debated in ...
Former state representative convicted of bank fraud
Former state representative Victor Cuevas, D – Waterbury, was sentenced to one year probation and a $1,000 fine for conspiracy to commit bank fraud.
The charges stemmed from Cuevas’ purchase of a condominium in Bristol for one of his sons using a Federal Housing Administration loan. Cuevas told the mortgage company that his “cousin” was gifting him $7,000 for the purchase of the property. However, the cousin was actually Cuevas’ fellow employee with the City of Waterbury.
The two men signed a Housing and Urban Development statement that the funds were a gift, however, as soon as the mortgage was closed, Cuevas paid the funds back to his coworker.
This the latest in a string of incidents for Cuevas. Cuevas had previously been arrested for DUI following a 2015 car accident on 1-84.
The same week as Cuevas’ DUI arrest, his son – also named Victor – was arrested at the legislative office building on voyeurism charges, making a false statement and disorderly conduct.
Rep. Cuevas resigned as representative of the 75th district midway through his second term in March of 2016 during the fraud investigation. He pleaded guilty to the charges in June of 2016.
Cuevas had been a member of the Appropriations Committee as well as the committees on Insurance and Real Estate, and Labor and Public Employees. He was replaced by Geraldo Reyes in a special election.
The charges against Rep. Cuevas Sr. were investigated by the Connecticut Public Corruption Task Force, including the department of Housing and Urban Development, the Office of the Inspector General and the FBI.
Gov. Malloy’s Retirement-for-All Protection for Securities Industry Stripped Out in Budget Agreement
A provision in the 2019 budget deal eliminates the inclusion of multiple private vendors from Connecticut’s retirement-for-all program, leaving the state to choose only one vendor to offer different retirement plans and products to private workers. The inclusion of multiple vendors in the Connecticut Retirement Security Authority was pushed by ...