News & Politics

Cuomo, SEC Bust Ramirez in Pension Fund Fraud

by

Andrew Cuomo (pictured) keeps rolling up skels in the pension fund pay-for-play scandal. Now he’s got Julio Ramirez Jr. to plead guilty to a securities fraud violation. Ramirez, a pal of previous indictee Hank Morris, is a placement agent of the sort that has proven troublesome in these matters and recently banned from state and city pension fund business. Cuomo accuses Ramirez of doing “corrupt” pension fund deals while working for Wetherly Capital Group in Los Angeles; via Morris, he is said to have bought influence to get New York state pension money invested in Wetherly clients. The SEC is looking at — scratch that, has just charged Ramirez, too. Cuomo’s making pension fund investigation a national craze.

Most Popular