NEW YORK (AP) — Former New York state Comptroller Alan Hevesi has admitted taking part in a “pay-to-play” scandal at the state pension fund. Hevesi pleaded guilty Thursday in Manhattan to a felony corruption charge. The plea marks the culmination of a yearslong probe into kickbacks paid by money management firms that had been awarded lucrative pension fund investment...
Alan HevesiNEW YORK (AP) — Former New York state Comptroller Alan Hevesi has admitted taking part in a “pay-to-play” scandal at the state pension fund.
Hevesi pleaded guilty Thursday in Manhattan to a felony corruption charge.
The plea marks the culmination of a yearslong probe into kickbacks paid by money management firms that had been awarded lucrative pension fund investment contracts.
The Democrat controlled the multibillion-dollar pension fund until his resignation in 2006 when he pleaded guilty to a felony for using state workers to chauffeur his wife.