Over 100 Investment Firms and Agents Subpoenaed in Widening Pension Fund Probe

A national network of investment firms and their middlemen are conspiring in fraudulent practices and kickback schemes to receive lucrative business opportunities with state and local pension funds, according to New York Attorney General Andrew Cuomo. A probe that began two years ago focusing on the New York State and City pension funds is now looking at possible firms and agents in other states, including Texas, California, Oklahoma, and New Mexico that may be involved. Cuomo described the...Full Story
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