Ex-State Investment Officer David Loglisci Admits Guilt in Pension Probe

A former state investment officer has admitted helping channel hundreds of millions of dollars in public pension fund money to politically connected investment firms in a “pay-to-play” scheme. David Loglisci pleaded guilty in a Manhattan court Wednesday to a securities fraud charge. Loglisci had authority to recommend how to invest the pension money. Loglisci said [...]