Former NY party leader charged in pay-to-play

April 15, 2009 8:38:14 AM PDT
The former head of New York's Liberal Party has been charged with receiving more than $800,000 in illegal fees linked to state pension fund investments. The charges were announced Wednesday by New York Attorney General Andrew Cuomo, who is investigating allegations of pay-to-play corruption under former state Comptroller Alan Hevesi.

Cuomo says the Liberal Party's former chairman Raymond Harding got the fees as a reward for helping the Hevesi's son Andrew obtain a seat in the state Assembly. Cuomo says there is no evidence that the younger Hevesi knew of the arrangement.

Harding's lawyer says he did nothing wrong.

The attorney general also confirmed that Barrett Wissman, a Dallas businessman and hedge fund manager, pleaded guilty March 31 to securities fraud charges. Prosecutors say Wissman helped two top Hevesi aides sell access to the $150 billion pension fund to investment firms.


NEW YORK AND TRI-STATE AREA NEWS

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