Wednesday, April 15, 2009

DiNapoli Defends Practice Despite Recent Investigations

There has been recent investigations about former state employees receiving kickbacks in exchange for access to pension fund money. This post on discusses how State Comptroller Thomas DiNapoli is defending his current practices by stating that his office has improved its disclosure practices of its placement agents. DiNapoli has mentioned that all deals made are investigated to monitor how much money is being paid and if there is a relationship that can possibly compromise the deal. Another State Comptroller Alan Hevesi has already been indicted on charges that include enterprise corruption, securities fraud, grand larceny, bribery and money laundering.Will this be enough to defend hisDiNapoli's practice?

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