New York State Comptroller Thomas P. DiNapoli today announced that an audit of the New York Youth Jobs Program found that the state agencies overseeing the program, including the Departments of Labor and Tax and Finance, did not ensure that participating businesses hired only people who qualified for the program and that the tax credits they were given were accurate.
Former Savona Mayor Gregge Harrian was arraigned in Steuben County Court today on felony charges of five counts of offering a false instrument for filing and five counts of misdemeanor falsifying business records. As Mayor, Harrian allegedly submitted fraudulent vouchers and falsified records to trick the village into paying his personal expenses.
New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for the state, New York City and their major public authorities during the first quarter of 2019.
The planned sales of $5.52 billion include $4.14 billion of new money and $1.38 billion of refundings as follows:
State Comptroller Thomas P. DiNapoli announced today that Robert Garcia, the former president and chief of the Briarcliff Manor Fire Department ("BMFD"), was sentenced today by U.S. District Judge Cathy Seibel to 12 months in prison for charges arising out of his embezzlement of more than $120,000 from the BMFD, after his prosecution by United States Attorney for the Southern District of New York Geoffrey S. Berman.
Average Wall Street bonuses in 2007 declined 4.7 percent from record levels in the prior year to $180,420 even though the credit crunch and market turmoil battered profits, according to an estimate State Comptroller Thomas P. DiNapoli released today.
Cash bonuses paid by Wall Street firms to their New York City employees declined by 44 percent in 2008 in response to record losses suffered by the securities industry, according to an estimate released today by State Comptroller Thomas P. DiNapoli. DiNapoli noted that the federal Troubled Asset Relief Program (TARP), which infused billions of dollars into the financial system, helped prevent more institutions from failing. TARP placed restrictions on bonuses for top executives and many have voluntarily forgone bonuses, but it did not impose limitations for lower-level employees.
Wall Street bonuses paid to New York City securities industry employees rose by 17 percent to $20.3 billion in 2009, according to an estimate released today by State Comptroller Thomas P. DiNapoli. Total compensation at the largest securities firms grew even faster and industry profits could exceed an unprecedented $55 billion in 2009, nearly three times greater than the previous all-time record. In 2008, the industry lost a record $42.6 billion.
Cash bonuses paid to New York City securities industry employees declined by nearly 8 percent to $20.8 billion in 2010, about one third less than paid out in 2007 before the financial crisis, according to an estimate released today by State Comptroller Thomas P. DiNapoli.
Cash bonuses paid to New York City securities industry employees are forecast to decline by 14 percent to $19.7 billion during this year’s bonus season, according to an estimate released today by State Comptroller Thomas P. DiNapoli.
Click here to view a video of Comptroller DiNapoli discussing this year’s Wall Street bonus report
New York State Comptroller Thomas P. DiNapoli announced today the following audits and examinations have been issued.
