New York's former deputy comptroller and a top political advisor were charged Thursday by the Securities and Exchange Commission with extracting millions in kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund.
The SEC's complaint alleges that Henry "Hank" Morris, the top political advisor and chief fundraiser for former New York State Comptroller Alan Hevesi, and David Loglisci, former deputy comptroller and chief investment officer of the New York State Common Retirement Fund, orchestrated a fraudulent scheme from 2003 through late 2006 that corrupted the integrity of the New York State Common Retirement Fund in order to enrich Morris and others with ties to Morris and Loglisci.
