The state’s Martin Act, which was enacted to combat securities fraud, also can be applied to prosecute people seeking to unfairly capitalize from their close ties to government officials, according to Attorney General Andrew M. Cuomo’s office.
The attorney general is arguing that Henry “Hank” Morris, while a top political adviser to former state Comptroller Alan Hevesi, conspired with former chief state public employee pension fund investment officer David Loglisci to steer fund investment to favored companies.
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