Haggerty Convicted of Second-Degree Grand Larceny and Money Laundering

The jury in the trial of John Haggerty, a political operative accused of cheating New york City Mayor Michael Bloomberg out of $1.1 million, has returned guilty verdicts on charges of second-degree grand larceny and money laundering. Haggerty was acquitted of first-degree grand larceny.

The trial put a spotlight on inner workings of the billionaire mayor’s election campaigns.  Haggerty was accused of promising the mayor’s 2009 campaign an elaborate poll-watching operation, then spending just $32,000 on the effort while keeping most of the rest to buy a house.

He faces up to 15 years in prison, but is likely to get a much lesser sentence.

Read news coverage from the Times’ City Room blog, the Wall Street Journal, the AP and the Daily Politics blog.