The U.S. Securities and Exchange Commission on Thursday charged the political adviser to New York state's former comptroller for corrupting the integrity of the pension fund by taking kickbacks from companies seeking to manage its money.
The SEC in a two-year probe that included State Attorney General Andrew Cuomo, did not, however, charge the former state comptroller, Alan Hevesi, who plead guilty to misusing state drivers to chauffeur his ailing wife and resigned.
Hevesi's political adviser and chief fundraiser, Henry Morris, was charged, along with David Loglisci, who was the pension fund's chief investment officer from 2003 to 2006, according to a copy of the SEC's complaint.
(Additional reporting by Grant McCool)
(Reporting by Joan Gralla; Editing by Chizu Nomiyama)