Scores of investment deals between a $150bn New York pension fund and numerous private equity and hedge funds involved kickbacks paid to two men linked to the state comptroller’s office, Andrew Cuomo, the state’s attorney-general, claimed on Thursday.
Mr Cuomo claimed kickbacks were paid to Henry Morris and David Loglisci, who were on Thursday charged in a 123-count indictment including securities fraud and grand larceny. The two men were accused of selling access to billions of taxpayer dollars that allegedly resulted in more than $30m in sham fees, gifts and bribes. Both men pleaded not guilty.
