ALBANY — Alan G. Hevesi, the former state comptroller, is poised to plead guilty to a felony corruption charge after a lengthy investigation into his office’s rewarding of pension investment business to firms that provided financial benefits to Mr. Hevesi and his aides, people with knowledge of the case said on Tuesday.
Barring an 11th-hour change of heart, Mr. Hevesi would become the highest-ranking state official convicted in the case and would be likely to serve time in prison. In 2006, he pleaded guilty to a separate felony after admitting he had used state workers to chauffeur his ailing wife, but avoided jail time in that case after he agreed to resign.
The pension investigation, conducted by the office of Attorney General Andrew M. Cuomo, is one of the longest running in Albany and came to symbolize the ethically troubled culture of the capital. It has focused on allegations that Mr. Hevesi’s friends, family and associates sold access to the state’s $125 billion pension fund, one of the world’s largest, to reward allies, pay back political favors and reap millions of dollars for themselves.
Using the pension fund as a slush fund for favored investment houses, real nice. Much of this stems from Hevesi's connections to Hank Morris who all but admitted to "pay for practices". I guess you can say these guys are acting like a Chooch!
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