One of the key players in a case involving fraudulent use of the New York state pension system will not have to serve jail time, despite pleading guilty over three years ago.
Reuters reports that Saul Meyer, the founder of a Texas-based pension consulting firm, admitted guilt in 2009 to paying a political consultant to New York's former state comptroller approximately $300,000 in exchange for getting pension fund money for investments.
Meyer, a former partner at Aidus Equity in Dallas, was the final defendant to be sentenced in a lengthy probe, the results of which have resulted in more scrutiny of pension plans across the country.
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