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.
___
Associated Press Writer Michael Gormley contributed to this report.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
NEW YORK (AP) — Former New York state Comptroller Alan Hevesi has been charged with felony corruption in a "pay-to-play" scandal at the state pension fund.
A law enforcement official close to the case says Hevesi is expected to plead guilty later Thursday. The official spoke on the condition of anonymity because the plea has not been made yet.
The Democrat was arraigned Thursday morning in a Manhattan court on a charge of receiving reward for official misconduct.
Hevesi 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.
___
Associated Press Writer Michael Gormley contributed to this report.
The hottest stories ripped from the headlines, from crime to courts, legal and scandal.
