Hedge Fund Boss Pleads Guilty To Pension Kickbacks

Law360, New York (April 15, 2009, 12:00 AM EDT) -- Hedge fund manager Barrett Wissman has pled guilty to allegations by the New York attorney general and the U.S. Securities and Exchange Commission that he participated in a pay-to-play scheme, doling out lucrative kickbacks to secure at least $100 million in investments from the New York state public pension funds.

The New York Attorney General's Office revealed Wednesday that Wissman entered a guilty plea Feb. 3 and will pay $12 million in penalties and fines for violating the Martin Act in an alleged scheme run through...
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