Thursday, March 11, 2010

Pension big pleads guilty

The New York Post reports:
Citing a "culture of corruption" that reached the highest levels of the state Comptroller's Office, a former state pension-fund officer pleaded guilty yesterday to steering hundreds of millions of dollars to investment firms that paid kickbacks to former Comptroller Alan Hevesi's top political aide.

David Loglisci in Manhattan Supreme Court made the startling admission of his role in the pay-to-play scheme.

"Investment decisions were made in part according to political benefit for the comptroller, rather than exclusively in the best interests of the people," said Loglisci, 38.


Pubic sector ethics.