FOR RELEASE:

State Comptroller Thomas P. DiNapoli
Statement on Loglisci Guilty Plea

"Today’s announcement by the Attorney General of David Loglisci’s guilty plea is a welcome step toward finally putting the transgressions of the Hevesi administration behind us.

"Since I took office, I’ve implemented a long list of reforms to eliminate the possibility of the criminal behavior that took place under the former Comptroller. I’ve banned pay-to-play. I’ve banned the use of placement agents or lobbyists in investments with the fund.

"I’ve increased oversight, transparency and accountability in the investment decision process. I created an Inspector General position and hired a Special Counsel for Ethics. The Fund has adopted a Code of Conduct, and I’ve recommended legislation to codify these changes so that future Comptrollers cannot rescind the reforms I’ve implemented.

"In short, to prevent what happened under Alan Hevesi from happening again, I’ve completely revamped and reformed the way the pension fund does business."

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