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Ex-NY Pension Fund Official Gets Prison For Broker Bribes

Law360, New York (July 12, 2018, 9:39 PM EDT) -- A former New York pension fund director on Thursday was sentenced to just under two years in prison for steering more than $3 billion in business from the New York State Common Retirement Fund to corrupt brokers in return for gifts that ranged from expensive meals to the services of prostitutes.

U.S. District Judge J. Paul Oetken sentenced Navnoor Kang to 21 months in prison, a far cry from the 10 years sought by the government for the onetime director of fixed income and head of...
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