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Comptroller John Liu’s Shady Fund-raiser Indicted

NEW YORK, NY - OCTOBER 17:  New York City Comptroller John Liu attends La MaMa's 50 Anniversary Season gala at the Ellen Stewart Theatre on October 17, 2011 in New York City.  (Photo by Marc Stamas/Getty Images) Mr. Liu.

Only a day before city comptroller John Liu will deliver a "State of the City" address, which no comptroller has done before, a federal grand jury indicted the fund-raiser arrested in November for illegally funneling thousands into the Liu for Mayor campaign coffers. Forty-six-year-old real estate developer from New Jersey Xing Wu “Oliver” Pan was slapped with conspiracy and wire fraud charges for "submitting fraudulent contribution forms to 'an individual who worked for the campaign of a candidate' running for public office in the city."

Both charges carry a maximum sentence of twenty years.

Although the subject of a separate ongoing FBI investigation into his campaign donations, Liu has not been accused of any wrongdoing. And as evidenced by his address tomorrow, he intends to press on with his mayoral bid.

Liu claims ignorance about Pan's dealings, but nevertheless, his reputation is ... poor.

Photo: Marc Stamas/Getty Images