Saturday, May 9, 2009


Six Degrees Of Separation, NY Common Retirement Fund Version

Wall Street Journal - ‎

Stephen Moseley, president of La Jolla, Calif.-based Stepstone Group LLC, resigned from the firm earlier today, claiming distractions due to press reports ...

Moseley Quits StepStone, Had Become an “Unnecessary Distraction”

Private Equity Hub - ‎

... which claims Moseley was the unidentified Pacific Corporate Group executive named in state indictments against David Logisci and Hank Morris. ...


Each day another resignation Sean Harrigan, Elliot Broidy, and now Stephen Mosely, They are are cast members of PENSIONGATE. Staring Scumer”s “BRAIN” Hank Morris, and co-staring David J. Loglisci, with supporting roles by Saul M. Meyers,Ray Harding. Steven Rattner, and introducing Alfred Villalobos of Arvco, it seems he meet with Di Napoli in May 2007 with the help of Freddy Ferrer former boro President of the Bronx.
see below

After Introduction From Ferrer, Firm Earned $100000 From State ...

New York Times - ‎


Published: May 8, 2009

ALBANY — When Fernando Ferrer, the former Bronx borough president, met with State Comptroller Thomas DiNapoli in May 2007, it was to make an introduction.

Mr. Ferrer brought along Alfred Villalobos, a former deputy mayor of Los Angeles and the chairman of Arvco Capital, a Nevada firm that brokers deals between investment firms and public pension funds. Mr. Ferrer, the Democratic nominee for mayor of New York City in 2005, works as a consultant for Arvco.

About seven months after Mr. Ferrer made the introduction, Arvco earned $100,000 in fees and a $10 million investment from Mr. DiNapoli’s office for one of its clients, Craton Equity Partners.

Mr. Ferrer’s role in introducing Arvco to Mr. DiNapoli was never disclosed in the reports of pension investments and brokers made public by the comptroller’s office every month, underscoring the lack of transparency that pervades the operations of the $122 billion state pension fund.

The comptroller’s office has said that it requires investment firms to reveal the names of any brokers, known as placement agents, that it uses to arrange deals with the pension fund. But it is left up to the firms to determine who is considered a placement agent. Arvco apparently did not view him as such, and a spokesman for Mr. Ferrer said he only made an introduction and did not get involved in specific deals.

Mr. DiNapoli’s office called the encounter between the comptroller and Mr. Ferrer a “meet and greet” and said it was not aware that Mr. Ferrer and Arvco had a business relationship.

“The comptroller wanted to meet Villalobos because of his extensive experience on pension fund boards in California,” said Dennis Tompkins, a spokesman for Mr. DiNapoli. “Absolutely no business — Arvco or otherwise — was discussed.”

Mr. Ferrer declined to comment for this article. His introduction of Mr. Villalobos, a former trustee of Calpers, the giant California pension fund, was revealed in documents obtained through a Freedom of Information Law request to the comptroller’s office.

Neither Mr. Ferrer nor Mercury Public Affairs, a division of the Omnicom Group that employs him, have been subpoenaed in the investigations by Attorney General Andrew M. Cuomo and the Securities and Exchange Commission into corruption at the pension fund.


Sean Harrington quits public pensions board

Los Angeles Times - ‎

Board member Elliott Broidy resigned hours after Harrigan. In an interview, Harrigan insisted that he has done nothing wrong. He said he behaved ethically ...

CalPERS issues draft policy on placement agent fees

Los Angeles Times - ‎

The members, former supermarket union executive Sean Harrigan and investment manager Elliott Broidy, have not been charged with any misconduct. ...

Morning Sixpack: A News Roundup

LA Weekly - ‎

LA Daily News Two Resign from City Board Mayoral appointees Sean Harrigan and Elliott Broidy have resigned from the LA Fire and Police Pensions Board ...


2nd LA Police & Fire board member resigns

Pensions & Investments - ‎

By Arleen Jacobius Elliott Broidy resigned Thursday from the board of the $9.5 billion Los Angeles Fire & Police Pension System, according to a statement by ...

The Morning Leverage: Remember The wamu

Wall Street Journal Blogs - ‎

... that originated in New York has claimed as victims Sean Harrigan and Elliott Broidy, two members of the Los Angeles Fire and Police Pensions board. ...

Facing NY pension probe, ex-calpers president quits LA board

The Sacramento Bee's Capital Alert - ‎

He submitted his resignation from the Los Angeles pension board along with Elliott Broidy, another board member. Harrigan and Broidy last month received ...

Amid SEC probe, 2 quit key city pension panel

Contra Costa Times - ‎

Then, in a surprise development, two appointees of Mayor Antonio Villaraigosa - Chairman Sean Harrigan and Commissioner Elliott Broidy - separately ...

LA Pension Fires Adviser Named in New York Probe

Bloomberg - ‎May 7, 2009‎

... and Exchange Commission of providing $320000 in kickbacks to a shell company owned by New York Comptroller Alan Hevesi's political adviser Hank Morris. ..

Pension Players Go Back To The Lincoln Bedroom Days

TPMMuckraker - ‎May 7, 2009‎

In March Hank Morris, the top adviser to former New York state comptroller Alan Hevesi, was indicted for running an elaborate scheme to collect $35 million ...

Mccall, Rudy Pal in Pension Score

American Chronicle - ‎May 7, 2009‎

... who has been conducting a sweeping investigation of a pay-to-play culture in which onetime Hevesi political guru Hank Morris, who has been indicted on ...


PENSIONGATE bigger than "WATERGATE" with a cast that keeps on growing.

Just keep on following the money and you will see more and more of the Hank Morris Iceberg.

VJ Machiavelli

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