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Hevesi In Custody, Will Plead Guilty In Pension Scandal
By
Jen Chung
Published Oct 7, 2010
Modified Oct 7, 2010
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By
Jen Chung
Published Oct 7, 2010
Modified Oct 7, 2010
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Former State Comptroller Alan Hevesi, who resigned in 2007 because he was using state workers to chauffeur his sick wife around, is expected to plead guilty to a pay-to-play scheme involving the state pension fund. The NY Times reports, "Mr. Hevesi has been a subject of a lengthy investigation focusing on allegations that his 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."
Hevesi pleaded guilty to "the felony for receiving a reward for official misconduct in the second-degree," and told the judge, "I deeply regret my conduct and sincerely and deeply apologize to the people of the state of New York." He faces up to four years in prison, though the Post also mentions he could face no jail time. Apparently the deal is contingent on his cooperation against others charged in the kickback scheme.
Rumors of a Hevesi plea surfaced last week.
Tagged
alan hevesi
guilty plea
state comptroller
state pension
state pension fund
state pension fund scandal
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
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