Morris pleads guilty, will pay back $19M to pension fund

11/23/2010 | New York Times (tiered subscription model), The

The State Supreme Court in Manhattan has approved a plea agreement with political consultant Hank Morris, who was accused by state Attorney General Andrew Cuomo's office of participating in a pay-to-play scheme for a state pension fund. Morris pleaded guilty to a single count of violating a state securities law, and agreed to pay $19 million back to the state pension fund. He has been banned from working in the securities industry in New York and from holding a public position in the state, and could face up to four years in prison.

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