NY-SEC Probe Hits "Chooch" Hurdle
NEW YORK (Reuters) - A New York pension kickback probe by the state attorney general and the U.S. Securities and Exchange Commission has hit a hurdle over "Chooch," a movie partly financed by fund managers seeking pension contracts. The SEC has charged that David Loglisci, the state pension fund's former top investment officer, benefited financially from investments in the movie, produced by one of his brothers, and that he failed to disclose a conflict of interest. But Loglisci, in his 2003 annual disclosure statement with the New York State Ethics Commission, said he had "sold all interests in Rose Park Equities," which he described as a family partnership that included film rights to "Chooch." The Ethics Commission made Loglisci's disclosure statements available to Reuters on Tuesday. The statements show that he made several disclosures relating to his ties with the film.
