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 FOR RELEASE:

Immediately
April 15, 2009



Statement From State Comptroller Thomas P. DiNapoli

Today’s guilty plea and further allegations of criminal conduct related to the Hevesi administration represent intolerable violations of the public trust.

Like all New Yorkers, I am outraged by the alleged wrongdoing. Attorney General Andrew Cuomo is conducting a thorough investigation and I am confident that through his efforts any individuals who engaged in criminal activity will be prosecuted to the fullest extent of the law.

The investigation highlights two important issues – the need to reform how pension funds across the nation are managed and the need to repair New York’s loophole-ridden campaign finance laws. I am concerned about these issues and have taken action to address them. I have substantially reformed the way the New York State Common Retirement Fund does business and have called for dramatic changes to campaign finance laws.

Since taking office, we have made the pension fund more transparent and more accountable than it has ever been. We are working to make these reforms permanent to eliminate the potential for abuse in the future.

Today I repeat my call to make the Comptroller’s election in 2010 the test race for public financing of campaigns and to take fundraising out of the equation. Even without changes in the law, I have voluntarily limited the contributions to my campaign to less than one-half the legal limit.

I have a responsibility and obligation to protect the one million New Yorkers and their families who rely on the Fund for their financial security. I will not let them down.

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