The S.E.C. complaint, released Wednesday, describes steps the Quadrangle executive took to win $100 million worth of business from the pension fund in 2005. That amount accounted for nearly 5% of a Quadrangle private equity fund and helped the company raise money from other investment funds. Here's where "Chooch" comes in -- and where things get murky enough here that we've got to enlist the help of our friends at the NYTimes:

In October 2004, the executive met with Mr. Loglisci to seek the pension fund investment and Mr. Loglisci "reacted favorably" and "began taking the necessary steps to secure approval" for the investment, the complaint said.

Two months later, in December, the same executive met with Mr. Morris, who, according to prosecutors, was working in tandem with Mr. Loglisci to generate millions of dollars in fees from the investment firms, and within weeks had agreed to a deal to pay an obscure securities firm that employed Mr. Morris 1.1 percent of any money that the retirement fund invested with Quadrangle, as a placement agent fee. That worked out to $1.1 million, of which Mr. Morris received 95 percent.

The timing of the meeting with Mr. Morris was significant, the complaint indicated, because the Quadrangle executive had already met with Mr. Loglisci and would presumably not need a placement agent. In addition, Quadrangle had previously retained a separate placement agent.

The executive also met with Mr. Loglisci about a low-budget movie Mr. Loglisci was producing, "Chooch." Soon afterward, GT Brands Holdings, a company owned by one of Quadrangle's private equity funds, made a deal to acquire the DVD distribution rights to "Chooch," an agreementthat made the film's producers nearly $90,000.

So basically, if we get this right, Rattner's investment group agreed to help fund the "Chooch" in order to get paid. What the hell is a "Chooch" and why is it the title of a movie the car czar effectively greenlit the distribution of?