Thursday, October 7, 2010

News Alert: Hevesi to Plead Guilty to Felony in Case on State Pensions

Breaking News Alert
The New York Times
Thu, October 07, 2010 -- 8:58 AM ET
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Hevesi to Plead Guilty to Felony in Case on State Pensions

Former State comptroller Alan G. Hevesi was in custody on
Thursday morning and was expected to plead guilty to a felony
count stemming from a state pension scandal, several people
with direct knowledge of the case said. He was awaiting
arraignment in Manhattan.

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.

Mr. Hevesi's plea would make him the highest-ranking state
official convicted in the case. In 2006, he pleaded guilty to
a separate felony after admitting that he had used state
workers to chauffeur his ailing wife, but he avoided jail
time in that case after he agreed to resign.

Read More:
http://www.nytimes.com/2010/10/08/nyregion/08hevesi.html?emc=na

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