Federal authorities allege that a former official at the pension fund for New York state public employees took bribes that included prostitutes, strippers, cocaine and a $17,000 wristwatch.
An indictment issued Wednesday accuses Navnoor Kang of accepting bribes totalling about $100,000 in exchange for steering millions of dollars in business to two brokerage firms.
It says other bribes included travel, a ski trip, and tickets to Broadway shows, the U.S. Open tennis tournament and a Paul McCartney concert.
Kang’s attorney says her client is not guilty and looks forward to his day in court.
The comptroller’s office, which administers the New York State Common Retirement Fund, said it is “outraged” by Kang’s alleged “shocking betrayal of his responsibilities.” He was dismissed in February.
The pension fund serves more than one million retirees and other beneficiaries.