Press Releases
CONTACT:
Press Office
(518) 474-4015

 FOR RELEASE:

Immediately
July 16, 2007


Statement From State Comptroller Thomas P. DiNapoli

Since I took office following the Hevesi scandal, I have been cooperating with the Albany County District Attorney’s Office and the Office of the Attorney General. It is apparent that former Comptroller Hevesi and others on his staff engaged in unethical, irresponsible and possibly criminal activity.

This spring, I accepted the resignation of David Loglisci, who served as deputy comptroller for Pension Investment and Cash Management under Alan Hevesi. Shortly after Loglisci’s resignation, my staff discovered certain records were missing from Loglisci’s desk. We immediately informed District Attorney Soares and began work to recover these documents. Within a short time, we compiled copies of nearly all the missing documents and delivered them to the District Attorney.

District Attorney Soares requested that I limit my comments to protect the integrity of the investigation, and I have complied. It’s unfortunate that some individuals close to the investigation have chosen to compromise it by disclosing sensitive information. The focus should be on concluding this investigation and prosecuting any wrongdoing.

We will continue to fully cooperate with law enforcement officials to ensure that any wrongdoing by the Hevesi administration is uncovered and prosecuted to the fullest extent of the law.

Fortunately, the state pension fund remains strong and the benefits for the one million pension fund members are secure. The pension fund is and will continue to be one of the best funded and managed public pension funds in the U.S.

We are aggressively continuing our own internal review as we cooperate with District Attorney Soares and the Attorney General’s office. I’ve implemented several reforms to ensure that corrupt individuals cannot game the system for their own benefit.

The people of New York deserve better than what they got under Alan Hevesi. My priority since taking office has been to restore integrity and ethics to the State Comptroller’s Office. I will make sure that New Yorkers can once again have confidence and trust in this office.

###

Albany Phone: (518) 474-4015 Fax: (518) 473-8940
NYC Phone: (212) 681-4840 Fax: (212) 681-7677
Internet: www.osc.state.ny.us
E-Mail: press@osc.state.ny.us