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Thursday, October 7, 2010

Hevesi To Admit Guilt in Huge NY Pension Pay-to-Play Scam


Breaking...courtesy of the New York Daily News report here...
Questions:  Is Hevesi "cooperating" with authorities -- meaning, has he agreed to provide information and testify against others who are allegedly involved, such as noted political campaign strategist Hank Morris (previously indicted)?  This New York Times report cites sources who say Hevesi will cooperate.

Will we learn the names of other placement agents involved in how public employee pension funds were allocated and invested, and how fees were generated? 

Is Hevesi's own deal related to a deal to spare either or both of Hevesi's sons (Andrew Hevesi, Dan Hevesi), both of whom have been active in New York City and State politics, further investigation or their own risk of prosecution -- as reported weeks ago by most New York papers?
Eric Dixon is a New York lawyer and president of Eric Dixon LLC.  In addition to legal services for clients in connection with civil, business and estate litigation, he handles government investigations, regulatory investigations and business due diligence.  Mr. Dixon has extensive knowledge of the federal securities laws and corporate governance.  Mr. Dixon is available for comment or consultation, in complete confidence, at 917-696-2442 and via e-mail at edixon@NYBusinessCounsel.com.


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