Former New York Comptroller Pleads Guilty in Pay-to-Play Pension Scandal

NEW YORK -- Former New York state Comptroller Alan Hevesi has admitted taking part in a "pay-to-play" scandal at the state pension fund.

Hevesi pleaded guilty Thursday in Manhattan to a felony corruption charge.

The plea marks the culmination of a yearslong probe into kickbacks paid by money management firms that had been awarded lucrative pension fund investment contracts.

The Democrat controlled the multibillion-dollar pension fund until his resignation in 2006 when he pleaded guilty to a felony for using state workers to chauffeur his wife.