“receiving reward for official misconduct for receiving nearly $1 million in gifts in exchange for improperly favoring and approving $250 million in pension fund investments in private equity fund Markstone Capital Partners,” Hevesi plead guilty

http://www.pionline.com/article/20110418/PRINTSUB/304189974
Hevesi sentenced

Alan Hevesi, former New York state comptroller, was sentenced April 15 to one to four years in prison for his role in the political influencing of investment business with the $140.6 billion New York State Common Retirement Fund.

Mr. Hevesi was sentenced by State Supreme Court Justice Michael J. Obus. He received the maximum sentence allowable, Eric T. Schneiderman, state attorney general, said in a news release.

Mr. Hevesi pleaded guilty in October to a felony charge of “receiving reward for official misconduct for receiving nearly $1 million in gifts in exchange for improperly favoring and approving $250 million in pension fund investments in private equity fund Markstone Capital Partners,” the release said.

Read more: http://www.pionline.com/article/20110418/PRINTSUB/304189974#ixzz1PfUMlfed
http://www.pionline.com/article/20110418/PRINTSUB/304189974

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