By Dale Kasler
email@example.com The Sacramento Bee
Published: Monday, Feb. 8, 2010 – 9:58 am
Last Modified: Monday, Feb. 8, 2010 – 1:45 pm
Two investment firms that have won pension business in California agreed to pay millions of dollars today to settle a placement-agent corruption probe at New York state’s public pension fund.
The civil settlements with Markstone Capital Group and Wetherly Capital Group, both of Los Angeles, were announced by New York Attorney General Andrew Cuomo and shed additional light on the placement-agent scandals that have erupted in New York and California.