An investment executive who was linked to a corruption scandal at New York state's public pension fund has agreed to pay $20 million in restitution.
Attorney General Andrew Cuomo said Wednesday that the settlement will allow Riverstone Holdings founder David Leuschen (LOO'-shehn) to avoid further legal problems from the investigation.
Investigators say Leuschen improperly curried favor with pension fund officials as his company sought a $150 million investment deal with the state.
Among other things, they say he invested $100,000 in a low-budget film called "Chooch." It was produced by the brother of the pension fund's chief investment officer.
Riverstone said in a statement that it was pleased to resolve the matter.
