On the Hevesi Trail


Here’s a significant story I missed in my morning round-up.

A financial company with ties to former comptroller Alan Hevesi’s closest adviser quietly amended its federal filings to show they got paid about $6 million more in fees than they had originally stated.

Sources said investigators are seeking to determine whether companies receiving investments from the state pension fund - which Hevesi alone controlled from 2003 until the end of last year - were directed by him to pay the "placement fees" to Searle in exchange for receiving the fund's cash.

A man who answered the phone at the company, Greenwhich-CT based Searle & Co. said “I don't know anything about it,” before hanging up. I called back and was told by another person a spokesman would call me back.

I also left a message for Hevesi’s consultant, Hank Morris, and am waiting to hear back.

http://www.observer.com/2007/hevesi-amendment

Copyright © 2007 The New York Observer. All rights reserved.

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