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SEC, Cuomo Accuse 2 Of Pension Kickback Scheme

Law360 (March 19, 2009, 12:00 AM EDT) -- New York's former deputy comptroller invested money from the state's largest pool, its pension fund, to enrich his boss' top political adviser and fundraiser with millions of dollars in bogus finder fees, the U.S. Securities and Exchange Commission and Attorney General Andrew Cuomo charge.

On Thursday, the SEC slapped Henry “Hank” Morris, the head adviser to former New York State Comptroller Alan Hevesi, and former Deputy Comptroller and Chief Investment Officer of the New York State Common Retirement Fund David Loglisci, with a securities fraud suit...
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