News article "Two L.A. firms to pay settlement in probe of New York 'pay-to-play' scandal" from breaking news worldwide.

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Two L.A. firms to pay settlement in probe of New York 'pay-to-play' scandal Two L.A. firms to pay settlement in probe of New York 'pay-to-play' scandal

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Two L.A. firms to pay settlement in probe of New York 'pay-to-play' scandalWetherly Capital and Markstone Capital agree to pay a combined $19 million and adhere to a code governing access to public pension money. The firms were not accused and did not admit wrongdoing. Two Los Angeles companies embroiled in a New York state pension fund corruption scandal agreed Monday to pay a total of $19 million to settle a state investigation into the "pay-to-play" scheme.


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