Former Auto Czar Steven Rattner Sued for Pension Fraud

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New York Attorney General and Governor-elect Andrew Cuomo has brought a civil suit against former "Car Czar" Steven Rattner, accusing him of fraud in an attempt to win hundreds of millions in investments from the New York State pension system. Cuomo says he's continuing an investigation into possible criminal activity by Rattner, who has just agreed to pay $6.2 million to the U.S. Securities and Exchange Commission to settle a separate civil lawsuit.

Louise Story, Wall Street and finance reporter for our partner, The New York Times, has followed the Rattner case since its inception.