Morris Emerges as Key Figure in Probe of New York Pension Fund
Tuesday, April 21, 2009 : PermalinkBloomberg – Former Democratic political adviser Hank Morris and New York State Deputy Comptroller David Loglisci may hold the keys as authorities examine whether private equity firms and hedge funds knowingly paid kickbacks to manage state pension money.
The pair, accused of orchestrating the alleged pay-to-play scheme, is in the best position to explain what firms including Carlyle Group and Quadrangle Group LLC were told while allegedly being led to dole out sham finders fees between 2003 and 2007, attorneys who represent investment advisers said. Both men have said they will fight the state and federal claims.
Tags: attorneys, authorities, carlyle-group, david loglisci, deputy comptroller, investment advisers, kickbacks, new-york-state, pension money, political adviser, private equity firms, quadrangle group llc, sham, state deputy, state pension
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