Hevesi Released; Consultant Avoids Jail

  • Served 20 months in corruption probe
  • Luxury travel was among illicit gifts
  • Consultant gets conditional discharge

Former New York State comptroller Alan Hevesi, the top official convicted in a corruption scandal at the state pension fund, was released from prison on Dec. 12, sister news service Reuters reported, citing the state Department of Corrections and Community Supervision. Hevesi, 72, had been incarcerated since April 2011 for his role in the “pay to play” scheme involving the pension fund. Hevesi admitted accepting nearly $1 million in benefits from a Los Angeles-based money manager who got $250 million in pension fund money to invest.

Hevesi left the Mid-State Correctional Facility, a medium-security state prison in upstate Marcy, New York, about 100 miles west of the state capital, Albany, around 8 a.m. EST, the Department of Corrections said. “He was picked up by his son, ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period


Request Trial

If you already have an active Buyouts subscription, please sign in to view this article.