SEC charges former NY State execs over kickbacks

Mon Apr 6, 2009

David Loglisci, former deputy comptroller and chief investment officer of the New York State Common Retirement Fund, and Henry "Hank" Morris, the top political advisor and chief fundraiser of comptroller Alan Hevesi, have been charged by the Securities and Exchange Commission with extracting millions of dollars in kickbacks from hedge funds and private equity firms seeking to do business with the state pension fund.

Hank Morris

The SEC alleges that Loglisci caused the pension fund to invest billions of dollars with private equity firms and hedge fund managers who together paid millions of dollars in the form of sham "finder" or "placement agent" fees to obtain assets from the fund...

ISSN: 2151-1845 / CDC10004H

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