The top political aide to former state Comptroller Alan Hevesi has reportedly agreed to plead guilty to fraud in state Attorney General Andrew Cuomo’s continuing pension fund probe, according to several reports published last week.
Hank Morris is expected to admit to a single count of felony securities fraud and will be required to pay back $19 million to the state, a Daily News story indicated. The deal, which has not been made public, will most likely include jail time and a fine.
Morris and David Loglisci, chief investment officer of the pension fund, were indicted last year on 123 counts of enterprise corruption, securities fraud, grand larceny, bribery, money laundering and other offenses for allegedly conspiring to sell access to the fund in exchange for millions of dollars in kickbacks and other payments for political and personal gain. Loglisci has also pleaded guilty.
The Morris pact comes just about a month after Hevesi pleaded guilty to felony receiving reward for official misconduct, admitting to accepting gifts from a friend in exchange for approving a $250 million investment in a venture capital firm run by the friend from the state Common Retirement Fund. Hevesi is scheduled to be sentenced next month.
— Michael Cusenza