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Cuomo: pension kickbacks national, ongoing problem
April 30, 2009 / 4:37 PM / in 9 years

Cuomo: pension kickbacks national, ongoing problem

NEW YORK, April 30 (Reuters) - New York’s criminal probe of kickbacks paid to invest its state pension fund money has exposed a national network of actors whose schemes continue today, state Attorney General Andrew Cuomo said on Thursday.

Cuomo and the U.S. Securities and Exchange Commission, which are jointly probing the pay-to-play scandal in New York state, charged Dallas-based Aldus Equity Partners and one of its founding principals, Saul Meyer, for their participation.

“This is all across the nation, and it’s continuing today,” the Democrat told reporters on a telephone conference call. He added he was “formalizing” his probe with other states. (Reporting by Joan Gralla; Editing by James Dalgleish)

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