Dallas hedge fund exec Barrett Wissman pleads guilty to securities fraud

Source: The Dallas Morning News

A Dallas hedge fund executive pleaded guilty to securities fraud and is cooperating with an investigation by the New York attorney general and the U.S. Securities and Exchange Commission into corruption at that state's pension fund, The New York Times reported Wednesday.

Barrett Wissman, a business associate of the Hunt family, received millions of dollars by acting as a finder who connected the New York pension fund and investment firms, The Times reported.

Such fees are not illegal. But in one case, Wissman told an investment firm that he would not share a $2.4 million payment with anyone else. Instead, he secretly sent nearly $800,000 of it to a political aide working for New York state's former comptroller, Alan Hevesi, the SEC said in a lawsuit.

<snip>

Also under scrutiny is the Carlyle Group, a high-profile private equity firm. The Carlyle Group has denied wrongdoing and said it is cooperating with the investigation.

Read more: http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/041609dnbuswissman.d91a86e3.html

he made one - one - just one - political donation in 2007:

Wissman, Barrett N Mr.
DALLAS, TX 75219 Novo Networks Inc./President $25,000 REPUBLICAN NATIONAL COMMITTEE - REPUBLICAN P 02/28/2007

http://images.nictusa.com/cgi-bin/fecimg/?27930346096

http://www.campaignmoney.com/finance.asp?type=in&cycle=08&criteria=wissman