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Alan Hevesi

WNYC News

Ex-Comptroller Alan Hevesi Gets 1 to 4 Years in Prison

Thursday, April 14, 2011

Once a powerful public figure in New York, former state Comptroller Alan Hevesi is headed to prison for his role in a massive pay-to-play scheme.

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WNYC News

Former State Comptroller Hevesi Hospitalized, Says Judge

Monday, March 28, 2011

Former Comptroller Alan Hevesi, who is awaiting sentencing for trading access to the state's public pension system for money and other perks, has been hospitalized for unspecified reasons. 

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WNYC News

SEC Charges Steven Rattner in Pay-to-Play Scheme Involving New York State Pension Fund

Thursday, November 18, 2010

Former auto czar Steven Rattner will pay $6.2 million as part of a settlement deal with the Securities and Exchange Commission. He has also accepted a two year ban from the securities industry.

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WNYC News

Political Advisor to Hevesi Pleads Guilty in State Pension Scandal

Thursday, November 04, 2010

A key figure in the scandal involving the New York State Pension system has agreed to plead guilty to a felony charge. Political consultant Hank Morris was accused last year of exploiting his relationship with former New York State Comptroller Alan Hevesi, to extract millions of dollars in kickbacks from financial firms seeking a role in handling pension fund investments.

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WQXR News

Hevesi Snagged in Pay-to-Play Scheme

Friday, October 08, 2010

In exchange for almost $1 million in campaign cash and other gifts, former New York State Comptroller Alan Hevesi admitted Thursday that he handed access to $250 million in state retiree funds to a California-based private equity firm.

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WNYC News

Pay-to-Play Scheme Snags Hevesi, But Not DiNapoli

Friday, October 08, 2010

In exchange for almost $1 million in campaign cash and other gifts, former New York State Comptroller Alan Hevesi admitted Thursday that he handed access to $250 million in state retiree funds to a California-based private equity firm.

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WNYC News

Pay-to-Play Timeline

Thursday, October 07, 2010

Former State Comptroller Alan Hevesi plead guilty today for accepting nearly $1 million in gifts and campaign contributions from a money manager who landed hundreds of millions of dollars worth of business from the state’s giant pension fund. Hevesi’s guilty plea marks the seventh in an ongoing investigation by Attorney General Andrew Cuomo into a “pay-to-play” scheme at the pension fund.

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The Empire

In Hevesi's words

Thursday, October 07, 2010

What Alan Hevesi read to the judge when he plead guilty this morning:

I acknowledge that during my tenure as New York State Comptroller, Morris solicited contributions to my re-election campaign from those doing business with the Common Retirement Fund. I understood that during my tenure as Comptroller, Morris was also a paid placement agent in connection with Common Retirement Fund investments, and that he steered Common Retirement Fund investments to friends and political associates.

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The Empire

In pleading guilty, Hevesi points a finger at Morris

Thursday, October 07, 2010

From Andrew Cuomo's press release announcing Alan Hevesi pleading guilty to the pension fund scandal:

"Hevesi knew that [Hank] Morris had solicited Hevesi campaign contributions
from those doing business with the pension fund. Hevesi also admitted
knowing that, during his tenure as Comptroller, Morris was
simultaneously a paid placement agent in connection with pension fund
investments and that Morris steered pension fund investments to friends
and political associates."

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It's A Free Country ®

Former NY Comptroller Hevesi Pleads Guilty

Thursday, October 07, 2010

Former state Comptroller Alan Hevesi is in New York City Criminal Court this morning and has plead guilty to a felony corruption charge. Hevesi stated "I gave preferential treatment, in violation of my fiduciary [responsibility]" as sole trustee of the New York State pension fund.

What do you think? What's this say about how New York works? How do you think this changes the election debate?

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The Empire

Immunity for Rattner?

Monday, October 04, 2010

New York’s former state comptroller may, or may not, admit wrongdong in the wide-ranging pension investigation that has already ensnared some of the biggest names in Democratic politics, including President Obama’s one-time car czar Steven Rattner.

The Wall Street Journal recently reported that Rattner  “was given immunity from criminal prosecution for testifying in [Andrew] Cuomo's case. But he has been negotiating a potential civil settlement with the attorney general and the SEC, which has been seeking a three-year ban of Mr. Rattner from the securities industry, people familiar with the situation have previously said.”

At a campaign event in Brooklyn yesterday, I asked Cuomo if Rattner had immunity from the attorney general’s office.

Cuomo offered a non-answer.

“That is a case that is currently being investigated and being handled by the office so I can’t have any comment on that,” he said.

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WNYC News

Reports: Hevesi Expected To Plead Guilty in Pension Fund Investigation

Wednesday, September 29, 2010

WNYC

New York newspapers began reporting Tuesday that former state comptroller Alan Hevesi was going to plead guilty to a felony corruption charge. State Attorney General Andrew Cuomo, who is the Democratic candidate for governor, has refused to comment on the case, even though it is his office who has been investigating Hevesi.

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The Empire

Pensions for corrupt officials

Wednesday, September 29, 2010

Former State Comptroller Alan Hevesi left office in late 2006 after admitting to having state employees chauffeur his ailing wife, without reimbursing the state. This morning, he may, or may not, plead guilty in another scandal.

A Democratic state senator from Long Island is using news of today's possible deal to highlight a bill stuck in Albany that would strip away public pensions from public officials who are convicted of corruption.

The state senator, Craig Johnson, said in a public statement that New Yorkers "are victimized again each time these bad actors cash their pension checks."

Hevesi is collecting a $105,221 pension.

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WNYC News

Former Comptroller Hevesi May Plead Guilty in Pension Probe

Wednesday, September 29, 2010

Reports say former New York State Comptroller Alan Hevesi may plead guilty as early as this morning to a corruption charge for his role in a scandal involving the state's multibillion dollar pension fund.

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