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New York Legal

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Former NY pension fund officer disbarred after guilty plea

1/3/2013 COMMENTS (0)

By Joseph Ax

NEW YORK, Jan 3 (Reuters) - David Loglisci, one of a number of people who pleaded guilty in a "pay for play" scandal involving former New York comptroller Alan Hevesi, has been disbarred, an appeals court said Thursday.

Loglisci served as chief investment officer at the state pension fund and pleaded guilty to a felony violation of the state's business law in 2010.

In what amounts to a formality, the Appellate Division, First Department, struck Loglisci's name from the state's roll of attorneys on Thursday, retroactive to the date of his plea.

Loglisci was given a conditional discharge at his sentencing in October. He cooperated with authorities in their investigation, which uncovered a kickback scheme that gave favored treatment to certain money managers and resulted in a prison sentence for Hevesi.

Hevesi was released from prison last month after serving 20 months of a one to four year sentence.

The case is Matter of Loglisci, Appellate Division, First Department, No. 4464.

For the departmental disciplinary committee: Raymond Vallejo.

For Loglisci: None.

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