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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, February 17, 2011

Hank Morris Sentenced to up to Four Years for Pay-to-Play Kickback Scheme

The New York AG's Office announced that Henry “Hank” Morris, the chief political adviser to former Comptroller of the State of New York Alan Hevesi, has been sentenced to a term of one and one third to four years in prison, the maximum sentence available by law. Morris, who pleaded guilty in November 2010 to a felony for his involvement in a pay-to-play kickback scheme at the Comptroller’s Office, forfeited $19 million and is permanently banned from the securities industry in New York State.

According to the terms of his plea agreement with the Attorney General’s Office, Morris forfeited $19 million that will go to the state pension fund. He is permanently banned from the securities industry in New York State and prohibited from soliciting or receiving investments from the State of New York or any governmental entity within the state. In addition, Morris is prohibited from holding any public position or entering into any contractual relationship with the State of New York or any governmental entity within the state. He will also lose his license to practice law in New York State.

http://lawprofessors.typepad.com/securities/2011/02/hank-morris-sentenced-to-up-to-four-years-for-pay-to-play-kickback-scheme.html

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