Spin Cycle

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Manhattan DA Cy Vance Jr. has announced the widely-anticipated indictment of Queens Republican player John F. Haggerty Jr. The allegations as released draw a straight line. They say Haggerty stole $1.1 million from the Bloomberg re-election campaign for which he volunteered. The prosecutors said Haggerty was supposed to be spending the money on poll-watching operations and such. He used much of it to pay for a house. Haggerty didn't form the "Special Election Operations" corporation that got the funds until after the election. There is a claim he showed fake payroll checks to investigators. The funds were passed through the Independence Party.

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By itself the indictment as announced sheds no new light on a related legal dispute that surfaced last week over the specifics of what the Independence Party, headed by Bloomberg ally Frank MacKay, was disclosing or declining to disclose to prosecutors. Just last week, Vance's aide Eric Seidel was in court pushing party attorney Vincent Messina, based in Central Islip, to come across with certain information and testimony. We can't tell for sure yet the degree to which this money irregularity may begin and end with Haggerty. So far Bloomberg & Co. are portrayed by the prosecution purely as theft victim.