Feds: Pension exec moved $2B for coke, hookers

NEW YORK (AP) — A former top official at the country’s third-largest pension fund and two broker-dealers were charged Wednesday in what a federal prosecutor described as a classic bribery scheme that steered $2 billion in trades in exchange for drugs, prostitutes, vacations and U.S. Open tennis tickets.

“The hard-earned pension savings of New Yorkers should never serve as a vehicle for corrupt, personal enrichment,” Manhattan U.S. Attorney Preet Bharara said in a statement, calling...

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