(Reuters) – Henry “Hank” Morris, once chief political adviser to disgraced ex-New York State Comptroller Alan Hevesi, will be out of prison by June 3 after serving more than two years for his role in a “pay-to-play” scheme at the state pension fund. A board granted Morris parole after a hearing on Monday. What did he do with his time in prison? He said he had written a pilot for a television show, a screenplay and a “large chunk of a book.”Continue
David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a “culture of corruption” at the fund.Continue
Less than a month after New York’s former comptroller was put in prison for a corruption scheme involving the New York Common Retirement Fund, New Mexico’s pension system filed two lawsuits, one in federal court and the other in state court, seeking damages and restitution from its own pay-to-play scandal. New Mexico’s scandal allegedly involves the state’s former pension chief as well as close associates of former Gov. Bill Richardson. In addition, the suits name many of the same people implicated or found guilty in the New York scheme.
The federal suit targets defendants living outside New Mexico, while the state case is aimed at defendants in the state, according to sister magazine Buyouts. Both suits were filed by the New Mexico State Investment Council, which manages $15 billion in pension funds.Continue
NEW YORK–A judge on Friday sentenced former New York state comptroller Alan Hevesi to a minimum of one year and a maximum of four years in prison for a state pension kickback scheme in which Governor Andrew Cuomo said Hevesi “presided over a culture of corruption.” Hevesi, a Democrat, pleaded guilty to a felony corruption […]Continue
Alan Hevesi, former New York State Comptroller, pleaded guilty today to a single charge of felony corruption in the latest development in the state pension fund scandal.
Hevesi turned himself in today at State Supreme Court in Manhattan. He acknowledged receiving nearly $1 million in gifts in exchange for improperly favoring and approving a $250 million investment by the New York State Common Retirement Fund into Markstone Capital Partners, a statement said. Hevesi also admitted that he knew Henry “Hank” Morris, his top political aide, used the pension fund to personally receive fees for deals and steered investments to friends and political associates, a statement from Cuomo’s office said.Continue