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- Carlyle Group has been involved in a nationwide probe known as the "pay for play" scandal, where Wall Street firms allegedly paid politically-connected fixers to get them business from pension funds controlled by public officials1. Carlyle executives exchanged their company holdings into tax-free shares, valued at a combined $4.57 billion, which is now under attack by a Carlyle shareholder in Delaware Chancery Court2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Carlyle is the latest high-profile firm to be ensnared in a nationwide probe known as the "pay for play" scandal because Wall Street firms allegedly paid politically-connected fixers to get them business from pension funds controlled by public officials.abcnews.go.com/Blotter/WallStreet/story?id=75867…All of the Carlyle executives exchanged their company holdings into tax-free shares, valued at a combined $4.57 billion, according to figures from the lawsuit and the stock's price at the time. Now, that transaction is under attack by a Carlyle shareholder in Delaware Chancery Court.www.nbcnews.com/news/unusual-deal-gave-virgini…
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