When is a retainer not just a retainer

/ 14.May, 2012

Former New Jersey State Sen. Wayne Bryant, who is serving a four-year sentence for a corruption conviction, has been back in court on allegations that he was bribed by a North Carolina developer.  Mr. Bryant received an $8,000/per month (total of $192,000) “retainer” from Cherokee Investment Partners.  No work was done by Mr. Bryant for the funds.  The government has asserted the payment was simply a bribe in exchange for Mr. Bryant’s support of projects being pursued in New Jersey.  Mr. Bryan has argued that he was “on call” for Cherokee.

-Josh J.T. Byrne, Esquire (H.T.- B.C.B.)