Hevesi Could Plead Guilty in Pension Probe

Published reports say Hevesi could enter the plea as early as Tuesday morning.

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    NEWSLETTERS

    Former New York Comptroller Alan Hevesi walks to a court appearance in Albany, N.Y. Friday, Feb. 9, 2007. Hevesi was was fined $5,000, and sentenced to a term of probation for the unlawful use of a state vehicle and driver by using state employees as drivers and personal assistants for his wife. He had pleaded guilty to a federal charge of defrauding the government. The 66-year-old Queens Democrat appeared nearly two months after he resigned amid the scandal that broke during his successful re-election campaign. ( (AP Photo/Tim Roske)

    Former New York state Comptroller Alan Hevesi may plead guilty to a felony corruption charge for his role in the pay-to-play scandal involving the state's multibillion dollar pension fund.

    Published reports say Hevesi could enter the plea as early as Tuesday morning.

    State Attorney General Andrew Cuomo's office says no agreement has been reached.

    Hevesi controlled the pension fund until his resignation in 2006 when he pleaded guilty to a felony. The probe focused on whether Hevesi’s friends, family and associates sold access to the state’s $125 billion pension fund to reward friends and partners, pay back political favors, and pocket millions for themselves.

    Hevesi has previously admitted using state workers to chauffeur his wife.  New York's pension fund is one of the world's largest.

    The pension investigation, conducted the Attorney General's office is one of the longest running in Albany and came to symbolize the ethically troubled culture of the capital, the New York Timesreported today.

    Earlier this month, Cuomo reached a million-dollar settlement with Bill White, a former president of the Intrepid Sea, Air and Space Museum in New York City who raised funds for Hevesi.

    Cuomo has said White was involved in a $2 million payment from the pension fund to a business he was affiliated with.

    White says through a spokesman that he was pleased to put the matter behind him and will help Cuomo make reforms in the state pension system.

    Under the agreement, White has agreed to pay the state $1 million and abide by Cuomo's code of conduct in future dealings.