ALBANY—Comptroller Alan Hevesi’s top lieutenants have been indicted on 123 counts including enterprise corruption, securities fraud, money laundering and grand larceny, Attorney General Andrew Cuomo just announced on a conference call.
“The indictment charges crimes that go beyond the grossest manifestations of pay-to-play,” Cuomo said. He, along with S.E.C. Chair Mary Schapiro and Albany County District Attorney P. David Soares described an indictment which alleges Hank Morris, Hevesi’s top political adviser, and David Loglisci, the Chief Investment Officer of the comptroller’s office, conspired to sell access to the fund.
As Ken Lovett reports today, Morris allegedly set up shell consulting firms and pocketed $30 million in fees for himself and business partners.
