Ex-official admits guilt in NY pension probe

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Ex-official admits guilt in NY pension probe (3/10/2010)

A former New York state investment officer has admitted helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a "pay-to-play" scheme.David Loglisci pleaded guilty in a Manhattan court Wednesday to a securities fraud charge.Mr. Loglisci had authority to recommend how to invest the pension money. He says he let political adviser Hank Morris steer the money to firms that contributed to then-Comptroller Alan Hevesi's campaign or pai

Source:	Crains
Full post can be read on:	http://www.crainsny.com/
Homepage:	http://www.crainsny.com/

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