NY pension-fund scandal goes national

Spreading faster (so far) than swine flu, the New York pension-fund kickback scandal "has exposed a national network of actors whose schemes are ongoing," Reuters says today.

In N.Y. Attorney General Andy Cuomo's words, "We've uncovered corruption in New York, our government and our retirement accounts — and now we see the scheme reaching companies, individuals and pension funds nationwide."

He's not just blowing smoke: Today, Cuomo announced the arrest of Saul Meyer, from down Texas way. Meyer, a founding partner of Aldus Equity in Dallas, is charged with securities fraud for allegedly paying illegal kickbacks to Hank Morris, the longtime aide to former NY State Comptroller Alan Hevesi.

And he's just talking about scams/schemes/scandals revolving around the state pension fund. The NYC pension fund is a separate deal, and trouble's belching out of that fund, too.