NYC Comptroller Appoints New Campaign Treasurer

Embattled New York City Comptroller John Liu has a new campaign treasurer.

He replaces the Democrat's previous treasurer, who was arrested on charges she was part of a scheme that used straw donors to funnel large, illegal contributions to the campaign.

A federal probe into illegal contributions to Liu's campaign has also resulted in the arrest of a fundraiser.

Despite the arrests, Liu says he's still considering plans to run for office in 2013. He has been considered a top contender to succeed Mayor Michael Bloomberg when the billionaire's third term ends.

Liu is the first Asian-American to win major elective office in New York.

The New York City Campaign Finance Board confirmed that paperwork was submitted Wednesday for Shiang Lui, who is of no relation to the comptroller.