AG Andrew Cuomo just announced he has reached multimillion-dollar settlements in his ongoing pay-to-play pension fund probe with two investment firms and three unlicensed brokers – including the Quadrangle Group, which used to handle Mayor Bloomberg’s money, and the political consulting firm Global Strategy Group.

According to a press release from Cuomo’s office, Quadrangle will pay $7 million; GKM Newport Generation and Global’s will pay $2 million.

In addition, GKM Newport Generation Capital Services will pay the equivilent of $1.6 million, California lobbying firm Platinum Advisors will pay $500,000; and unlicensed placement agent Kevin McCabe (a former political strategist for ex-NYC Council Speaker Peter Vallone Sr.) will pay $715,000.

All parties have agreed to comply with the AG’s Public Pension Fund Reform Code of Conduct.

Cuomo will be joined this morning on a telephone press conference by good government advocates who will add their voices to his call for pension fund reform that would change management of the fund from a sole trusteeship to a board system.

Quadrangle and GKM paid fees to former state Comptroller Alan Hevesi’s political consultant, Hank Morris, to arrange pension fund investments. Morris was indicted by Cuomo in March.

In a statement released by Cuomo’s office, Quadrangle said it “wholly” disavows the conduct engaged in by Steve Rattner, who hired Morris, calling his actions “inappropriate, wrong, and unethical.”

Rattner, as you’ll recall, is President Obama’s former auto czar. He resigned from that post last summer after spending less than six months on the job. He has been in Cuomo’s crosshairs for some time, but has so far not been charged.

Rattner founded Quadrangle, a private equity group, from which Bloomberg removed roughly $5 billion of his personal fortune in February, giving his cash to a new entity staffed by former Quadrangle employees to manage.

According to Cuomo’s office, Global received approximately $1.3 million for facilitating pension fund investments in private equity funds managed by Intermedia Advisors, LLC and Clayton, Dubilier & Rice. Global partner Jon Silvan was the point man in that effort.

Global was former Gov. Eliot Spitzer’s main political consulting firm during his AG years and also for the 2006 gubernatorial campaign. After Spitzer’s election, the firm became involved in many aspects of state government, including trying to help the then-governor win control of the Senate for the Democrats.

Gov. David Paterson initially hired Risa Heller, who came to Global from Sen. Chuck Schumer’s shop, to run his communications operation after he ascended to replace Spitzer in March 2008, enabling the firm to maintain its toehold in Albany.

But Global and Paterson parted ways in February 2009. Sen. Kirsten Gillibrand is now one of Global’s marquis clients.

UPDATE: Oh yes, and Global has also worked for…Andrew Cuomo (during the 2006 AG’s race).