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NY ex-comptroller gets at least 1 year in prison

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The Northerner Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 02:27 PM
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NY ex-comptroller gets at least 1 year in prison
(Reuters) - A judge on Friday sentenced former New York state comptroller Alan Hevesi to a minimum of one year and a maximum of four years in prison for a state pension kickback scheme in which Governor Andrew Cuomo said Hevesi "presided over a culture of corruption."

Hevesi, a Democrat, pleaded guilty to a felony corruption charge last October in a case Cuomo had originally brought in his previous job as state attorney general. Seven others have pleaded guilty. Hevesi became the second to receive jail time.

"Although it was never my intention, I know that I caused enormous damage to the integrity of my former office," Hevesi said in court. "I will never forgive myself. I will live with this shame for the rest of my life."

Hevesi admitted he took luxury trips abroad paid for by California venture capitalist Elliott Broidy. New York's state comptroller is the sole trustee of the state's $132 billion pension fund. Broidy wanted to be hired to invest some of the funds.

Read more: http://www.reuters.com/article/2011/04/15/us-newyork-comptroller-idUSTRE73E4L320110415?feedType=RSS&feedName=domesticNews&ca=moto
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