Ex-Controller Alan Hevesi and actress Peggy Lipton caught up in huge pension bribery scandal

Thursday, December 03, 2009
KENNETH LOVETT, DAILY NEWS,

ALBANY - Former Controller Alan Hevesi took $75,000 in luxury trips from an investment banker who admitted paying nearly $1 million in bribes for state pension fund business, sources said. It's the first time Hevesi was directly linked to the massive pay-to-play scandal that engulfed his office.

Hevesi and former "Mod Squad" actress Peggy Lipton benefited from the "bribes" investor Elliott Broidy made to four top pension fund officials, the sources said yesterday.

In exchange, Broidy's company, Los Angeles-based Markstone Capital Partners, got $250 million in pension fund commitments and collected more than $18 million in management fees.

Attorney General Andrew Cuomo said Broidy covered $75,000 in expenses for "luxury travel" five times to Israel and once to Italy for a "very senior official" in the controller's office.

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Posted by Tracey on 12/03/09 at 02:06 PM • (0) Comments

Tags: bribery, alan hevesi, new york state pension fund, markstone capital partners, elliott boidy, alan g hevesi,