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New York Pension Fund Manager, Brokers Charged in Pay-To-Play Scheme
Reuters
Dec. 22, 2016 "U.S. prosecutors on [Dec. 21] accused a former portfolio manager at New York state's retirement fund, the third largest in the United States, of steering $2 billion in trades to two brokerage firms in exchange for gifts such as cash, drugs and prostitutes. Manhattan federal prosecutors announced charges centered on the New York State Common Retirement Fund, which was shaken by another pay-to-play scheme a decade ago that sent the state comptroller to prison and sent shock waves through the pension fund world." MORE >> |
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