Ilya Marritz covers business for WNYC.
NY Pension Fund Scheme Thickens
Friday, May 08, 2009
New York, NY –
The investigation into an alleged cash-for-access scheme at the New York State Pension Fund just keeps growing. This week there were new civil charges against a private equity fund that's currently managing hundreds-of-millions of dollars of public money, and it was revealed that several well-known political hands have been profiting off of their connections to the pension fund. WNYC's Ilya Marritz is here to bring us up to speed.