March
2017

David Loglisci

David Loglisci, former Deputy Comptroller and Chief Investment Officer of the New York State Retirement Fund was charged by The Securities and Exchange Commission with extracting kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund. The complaint, filed in federal district court in Manhattan, names as defendants David Loglisci, former Deputy Comptroller and Chief Investment Officer of the New York State Common Retirement Fund, Henry "Hank" Morris, the top political advisor and chief fundraiser for former New York State Comptroller Alan Hevesi, and three entities controlled by Morris: Nosemote LLC, Pantigo Emerging LLC and Purpose LLC.
David Loglisci
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According to the complaint, Loglisci and Morris orchestrated a fraudulent scheme from 2003 through late 2006 that corrupted the integrity of the New York State Common Retirement Fund in order to enrich Morris as well as others with close ties to Morris and Loglisci.

Specifically, the SEC alleges that Loglisci caused the fund to invest billions of dollars with private equity firms and hedge fund managers who together paid millions of dollars in the form of sham "finder" or "placement agent" fees to obtain investments from the fund.

The SEC alleges that the payments to Morris and others were kickbacks that resulted from quid pro quo arrangements or that were otherwise fraudulently induced by the defendants. As laid out in the complaint, Loglisci ensured that investment managers who made the requisite payments to Morris — and other recipients designated by Morris and Loglisci — were rewarded with lucrative investment management contracts, while investment managers who declined to make such payments were denied fund business.

The SEC alleges that Loglisci repeatedly directed investment managers, who solicited him for investment business, to Morris or certain other individuals and signaled to the investment managers that they first needed to "hire" Morris as a finder or placement agent. Neither Morris nor anyone else who received the payments at issue allegedly performed legitimate placement or finder services for the investment management firms who made the payments. (Source: U.S. SECURITIES AND EXCHANGE COMMISSION, Litigation Release No. 20963 / March 19, 2009)

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I seriously doubt that if Michaele was indeed a socialite she’d be employed as a
receptionist, department store clerk or makeup artist… Paris Hilton she is not….
These two are posers who don’t pay their bills and are taking this reality/celebrity train
for all its worth…They are both idiots.

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