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The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries' train system for the U.S.'s 'D' rated infrastructure

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The pig in the python: Baby Boomers are strangling the economy they built by refusing to move or retire

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

Ex-NY pension official avoids prison

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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October 10, 2012, 4:16 PM ET

FORTUNE — David Loglisci, the corrupt former chief investment officer for the New York State Common Retirement Fund, yesterday was sentenced to a “conditional discharge” rather than jail time.

Apparently Judge Lewis Bart Stone feels that managing an Oklahoma car wash – which apparently is Loglisci’s new vacation – is punishment enough for orchestrating a pay-to-play scheme that involved such private equity firms as Quadrangle Group and Riverstone Holdings.

Or perhaps it was simply that Loglisci himself never profited from the arrangements, since he basically just steered the money elsewhere (including to his brother, who was producing an atrocious film called Chooch). As Stone told Loglisci during sentencing: “You sold out and you didn’t get any money for it, which shows how naive you were.”

Per usual, no explanation as to how the private equity execs who did profit off of the deal were allowed to pay their way out of it, rather than spend some time hanging out in the yard with Loglisci accomplices Alan Hevesi and Hank Morris…

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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