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WNYC News

Cuomo Uses Special Law to Widen Investigation into Fund Scandal

New York, NY —

Following in Elliot Spitzer's footsteps, state Attorney General Andrew Cuomo is using a special law to widen his investigation into a state pension fund scandal.

REPORTER: Cuomo is now using the Martin Act to allow him to issue subpoenas and secure documents to bring criminal charges in the misuse of state pension funds. The attorney general is probing whether a political consultant for former state comptroller Alan Hevesi received millions of dollars in fees from companies that could have benefited from investments in the pension fund.

REPORTER: The little known Martin Act, passed in 1921, was used by then attorney general Spitzer to take on Wall Street corruption

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