Pay-to-play in NY & LA?

Elliott Broidy's problems seem to be getting bigger. WSJ reports that the NY attorney general's office is looking into Broidy funneling $300,000 to an executive of a New York state pension fund on the same day that the pension fund approved $200 million for one of Broidy's investment funds. The 300K was to finance a low-budget movie being produced by David Loglisci, who was then head of private equity for the pension fund. There's more: For some reason Broidy. chairman of L.A.-based Markstone Capital Partners and a prominent GOP fund-raiser (he's former finance committee chairman for the Republican National Committee), gave actress Peggy Lipton about $90,000 to help pay for her Manhattan apartment and other expenses. From the Journal:

Ms. Lipton, also a model and singer and known for her role in the late 1960s television show "The Mod Squad," was romantically involved at the time with Jack Chartier, these people said. Mr. Chartier was then chief of staff for Alan Hevesi, the sole trustee of the pension fund.

Local angle: Broidy is also is being questioned by the SEC for "possible violations" of federal securities laws as part of an investigation into whether he made improper payments right here in L.A. Last month, the LAT's David Zahniser reported that as a trustee of the Los Angeles Fire and Police Pensions fund, Broidy directed millions of dollars in public pension dollars to local real estate developer CIM, which just happened to have invested $500,000 into Broidy's own private equity firm. Broidy resigned from the pensions fund, saying that the SEC investigation was a distraction. From the Times:

Broidy is not the only board member to have had a financial relationship with CIM Group. The Times reported in May that Sean Harrigan, another Villaraigosa appointee under scrutiny from the SEC, was renting an apartment from CIM Group in downtown Los Angeles in 2005 when he voted to invest $30 million in a CIM real estate investment trust.