Ex-investment official guilty in NY pension probe

NEW YORK -- New York Attorney General Andrew Cuomo says a former state investment officer has admitted to helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a "pay-to-play" scheme.

Cuomo says David Loglisci pleaded guilty Wednesday to a felony.

Loglisci was a deputy state comptroller with authority to recommend how to invest the pension money. Cuomo says Loglisci admitted he let political adviser Hank Morris steer the money to firms that contributed to then-Comptroller Alan Hevesi's campaign or paid "placement" fees to Morris and his associates.

Morris has pleaded not guilty in the pension probe. Hevesi has not been charged. Loglisci's lawyer did not immediately return a call seeking comment.

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