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Browse: Home / 2016 / December / 22 / Official Took Bribes to Steer Pension Funds to Brokers, U.S. Says – The New York Times

Official Took Bribes to Steer Pension Funds to Brokers, U.S. Says – The New York Times

By Securities Docket on December 22, 2016, 10:48 am

A former portfolio manager who was responsible for investing $53 billion in New York State employee retirement funds took over $100,000 in bribes in exchange for steering more than $2 billion in fixed-income business to two brokers, earning them and their firms millions of dollars in commissions, federal authorities said on Wednesday.

via Official Took Bribes to Steer Pension Funds to Brokers, U.S. Says – The New York Times

Posted in Criminal, Top | Tagged Pay-to-Play

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