Loglisci Admits To Crimes

Posted by admin | Uncategorized | Wednesday 10 March 2010 7:33 pm

David Loglisci has admitted that he based investment decisions based on whether New York Comptroller Alan Hevesi and his political advisor would benefit from those investments, a clear violation of his authority as a state official. He was the chief investment officer at the Comptroller’s office. Attorney General Andrew Cuomo launched an investigation into the matter.

Cuomo, who made his investigation public last spring, said he has been cooperating with California Atty. Gen. Jerry Brown in a separate probe on the West Coast. Brown is investigating the role played by politically influential marketing intermediaries, known as placement agents, in multibillion-dollar deals between the California Public Employees’ Retirement System and investment fund managers.

If David Loglisci ever wants to go back into public service, or into business, he’ll need a significant reputation management campaign.

http://www.latimes.com/business/la-fi-pension-fraud11-2010mar11,0,2522637.story

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