Hank Morris, formerly a political advisor and fundraiser to New York Comptroller Alan Hevesi (D-NY), and David Loglisci, formerly the chief investment officer in the comptroller's office, have been charged with 123 fraud counts, including "enterprise corruption," securities fraud, grand larceny, bribery and money laundering. The Securities & Exchange Commission has also moved to seize more than $35 million in assets controlled by Morris and Loglisci. The two are accused to accepting "placement fees," aka kickbacks, on more than 20 deals between 2003 to 2006, for steering state pension fund investments to certain companies. According to the SEC complaint and other reports, a number of firms, including HFV Management, Liberty Oak Capital Fund, Odyssey Investment Partners, Access/NY European Fund, the Aldus New York Emerging Fund, GKM/NY Venture Capital Fund, Olympia John Street Fund, Paladin Homeland Security Fund (NY), Pequot Diversified Offshore Fund/Pequot Private Equity Partners Fund IV, and Strategic Co-Investment Partners and the Carlyle Group, paid the placement fees to Morris and Loglisci. Morris and Loglisci have pleaded not guilty to the charges. Hevesi, pictured here, resigned in early 2007 after being convicted of using state workers as drivers for his wife.Monday, March 23, 2009
2 Aides To Former NY Comptroller Hevesi Indicted On Kickback Charges
Hank Morris, formerly a political advisor and fundraiser to New York Comptroller Alan Hevesi (D-NY), and David Loglisci, formerly the chief investment officer in the comptroller's office, have been charged with 123 fraud counts, including "enterprise corruption," securities fraud, grand larceny, bribery and money laundering. The Securities & Exchange Commission has also moved to seize more than $35 million in assets controlled by Morris and Loglisci. The two are accused to accepting "placement fees," aka kickbacks, on more than 20 deals between 2003 to 2006, for steering state pension fund investments to certain companies. According to the SEC complaint and other reports, a number of firms, including HFV Management, Liberty Oak Capital Fund, Odyssey Investment Partners, Access/NY European Fund, the Aldus New York Emerging Fund, GKM/NY Venture Capital Fund, Olympia John Street Fund, Paladin Homeland Security Fund (NY), Pequot Diversified Offshore Fund/Pequot Private Equity Partners Fund IV, and Strategic Co-Investment Partners and the Carlyle Group, paid the placement fees to Morris and Loglisci. Morris and Loglisci have pleaded not guilty to the charges. Hevesi, pictured here, resigned in early 2007 after being convicted of using state workers as drivers for his wife.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment