ALBANY: Bribery in the COMPTROLLER'S OFFICE

Another amazing story of POLITICAL CORRUPTION IN ALBANY....Elliot Briody of an investment fund, Markstone Capital, plead guilty to bribing officials of the state Comptrollers Office -- yeah,...the department that is supposed to be guarding the State's Funds. According to Attorney General Cuomo's office, over $1 million in bribes were paid to four top officials who served under former state comptroller ALAN HEVESI. Apparently it was a good investment. For $1 million in bribes, Briody and his firm picked up $18 million in "fees". According to the story, the Comptroller's office steered $250 MILLION - one-quarter B-B-BILLION $$- of the NYS PENSION FUND to Markstone for investment. The criminal scheme " involved numerous individuals at the highest political and governmental levels under former Comptroller Alan Hevesi, in which the State pension fund was used as a piggy bank for the Comptroller’s chief political aide and a favor bank for political allies and other friends." And they said it was just a bad stock market that caused the State Pension Fund to shrivel up! Check out this interesting article and "comments" from "Capital Connection" section of the Albany Times Union...this story may have "legs"....http://blog.timesunion.com/capitol/archives/20578/cuomo-financier-pleads-guilty-in-another-pension-fund-corruption-case/#more-20578