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 Adjusting Premium Processing Fee
U.S. Citizenship and Immigration Services (USCIS) announced today it is adjusting the premium processing fee for Form I-129, Petition for a Nonimmigrant Worker and Form I-140, Immigrant Petition for Alien Workers beginning on Oct. 1, 2018 to more effectively adjudicate petitions and maintain effective service to petitioners.
The premium processing fee will increase to $1,410, a 14.92 percent increase (after rounding) from the current fee of $1,225. This increase, which is done in accordance with the Immigration and Nationality Act, represents the percentage change in inflation since the fee was last increased in 2010 based on the Consumer Price Index for all Urban Consumers.
“Because premium processing fees have not been adjusted since 2010, our ability to improve the adjudications and service processes for all petitioners has been hindered as we’ve experienced significantly higher demand for immigration benefits. Ultimately, adjusting the premium processing fee will allow us to continue making necessary investments in staff and technology to administer various immigration benefit requests more effectively and efficiently,” said Chief Financial Officer Joseph Moore. “USCIS will continue adjudicating all petitions on a case-by-case basis to determine if they meet all standards required under applicable law, policies, and regulations.”
Premium processing is an optional service that is currently authorized for certain petitioners filing Forms I-129 or I-140. The system allows petitioners to request 15-day processing of certain employment-based immigration benefit requests if they pay an extra fee. The premium processing fee is paid in addition to the base filing fee and any other applicable fees, which cannot be waived.