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NY Pension Fund Scheme Thickens

Friday, May 08, 2009

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.

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