More Corruption Charges in NY
National News
The State of New York's former Deputy Comptroller and Chief Investment Officer David Loglisci and Henry Morris, top political adviser and chief fund raiser for Comptroller Alan Hevesi, demanded millions of dollars in kickbacks from investment managers that sought to manager assets held by the New York State Common Retirement Fund, the SEC claims in Federal Court.
The SEC also sued Nosemote LLC, Pantigo Emerging LLC, and Purpose LLC.
Loglisci was deputy comptroller from 2003 through 2006, during which time Morris was adviser to Comptroller Hevesi, the SEC says.
"Loglisci caused the Retirement Fund to invest billions of dollars with private equity firms and hedge fund managers that together paid millions of dollars to Morris and others in the form of sham 'finder' or 'placement agent' fees in order to obtain those investments from the Retirement Fund," the complaint states. These payments to Morris and others were, in fact, little more than kickbacks that were made pursuant to undisclosed quid pro quo arrangement or were otherwise fraudulently induced by the defendants."
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USCIS Issues Clarifying Guidance on NAFTA TN Status Eligibility for Economists
U.S. Citizenship and Immigration Services (USCIS) announced today that it is clarifying policy guidance (PDF, 71 KB) on the specific work activities its officers should consider when determining whether an individual qualifies for TN nonimmigrant status as an economist.
The North American Free Trade Agreement (NAFTA) TN nonimmigrant status allows qualified Canadian and Mexican citizens to temporarily enter the U.S. to engage in specific professional activities, including the occupation of economist. The agreement, however, does not define the term economist, resulting in inconsistent decisions on whether certain analysts and financial professionals qualify for TN status as economists.
TN nonimmigrant status is intended to allow a limited number of professionals and specialists to work temporarily in certain specifically identified occupations in the United States. This updated guidance provides USCIS officers with a specific definition of one such category – economists – allowing them to adjudicate applications in a way that complies with the intent of the agreement. This policy update clarifies that professional economists requesting TN status must engage primarily in activities consistent with the profession of an economist. Individuals who work primarily in other occupations related to the field of economics — such as financial analysts, marketing analysts, and market research analysts — are not eligible for classification as a TN economist.