A key political consultant and a top aide to former Controller Alan Hevesi were slapped with corruption charges Thursday over the state's $120 billion pension fund.
State Attorney General Andrew Cuomo, whose office conducted a two-year pension fund probe, warned there could be more indictments.
Hevesi consultant Hank Morris and David Loglisci, a former deputy controller for pensions, were named in the devastating 123-count indictment.
Cuomo said Morris and Loglisci plotted "to sell access to billions of dollars in exchange for millions" in kickbacks.
"The indictment charges crimes that go beyond the grossest manifestation of pay to play," Cuomo said.
Morris pocketed $30 million in pension-related fees over four years from companies that won business with the fund. Companies that wouldn't pay often didn't get business, the indictment said.
Originally from the pit at Tradesports(TM) (RIP 2008) ... on trading, risk, economics, politics, policy, sports, culture, entertainment, and whatever else might increase awareness, interest and liquidity of prediction markets
Friday, March 20, 2009
The latest poster child for smaller government
is Hank Morris (via Bess Levin):
Labels:
corruption,
limited government
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