yup, he is Black... smh.

http://nypost.com/2016/04/06/nypd-chief-quit-amid-fbis-probe-into-inordinate-amount-of-cash/

He was once a rising star in the NYPD — and a finalist to be Mayor de Blasio’s police commissioner.

But Chief of Department Philip Banks stunned city leaders when he resigned in late 2014, rather than take a promotion to the No. 2 spot in the department.

Now, The Post can reveal that Banks was the target of an ongoing federal corruption probe when he walked away from his job as one of the most powerful men on the force.

Investigators found “hundreds of thousands” of dollars in his bank accounts that raised red flags, sources said on Wednesday.

“He did bow out in kind of a strange manner,” said a source involved with the investigation.

The feds discovered the money while looking into his close relationship with two businessmen being probed for giving gifts to high-ranking NYPD members in exchange for favors.

“Banks had collected an inordinate amount of cash,” a source familiar with the case said. “Which begged the question, where is he getting this money? How is he getting it?”

“We were hearing about alleged gifts and all of these trips he was taking,” the source said.

A corrupt detective/street cop isn't that hard to pull off considering how much cash and other things of value come across your hands.

A corrupt high level official though in the NYPD...They mentioned the two businessmen but ain't mentioned no names, no information, etc. Why would any businessmen pay off a high level official in the NYPD in the HUNDREDS of thousands. Was it developers using the NYPD to underpatrol (or overpatrol and harass) buildings so they can kick out the natives to flip? Were they nightclub owners who used the NYPD to shut down the competition?

That kind of cash means there is more of a story, and shame on the daily news for not following through

ex–Manhattan restaurant owner has been arrested for running a $12 million Ponzi scheme that swindled investors who thought they were putting their money into his wholesale liquor business—and the scheme has links to a widening FBI probe of NYPD corruption, a law enforcement source told Newsweek. Hamlet Peralta, the owner of the shuttered Harlem eatery Hudson River Café, promised investors big returns but instead spent just $700,000 on booze and used the rest of the money to repay earlier investors and buy himself spa treatments and gas for his car, according to a federal indictment unsealed Friday in New York.

Peralta, 36, allegedly became friendly with the person named in the indictment as “Investor 1” at Hudson River Café and convinced Investor 1 to give him about $3.5 million over the course of a year starting in 2013. “Of that amount, none, or at most only a minimal amount, was spent on wholesale liquor purchases,” the indictment reads. “Rather, Investor 1’s money was used to pay back other investors, to pay for expenses such as restaurant tabs and high-end clothing purchases, and to be wired to Peralta’s personal accounts and/or withdrawn in cash.” Peralta lied to the investors, telling them he owned West 125th Street Liquors; the real owner was his sister, according to the indictment. Peralta swindled at least 12 investors by promising them repayment within one week to 90 days, with interest of up to 4 percent, and offering West 125th Street Liquors as collateral.

The liquor scheme has links to an ongoing federal corruption investigation into the NYPD, a law enforcement source tells Newsweek. The FBI is reportedly probing whether NYPD higher-ups accepted gifts from two businessmen in exchange for favors. “


More
http://www.rawstory.com/2016/04/12-million-ponzi-scheme-has-ties-to-the-nypd/