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NEWS from the Office of the New York State Comptroller
Contact: Press Office 518-474-4015

State Comptroller DiNapoli & U.S. Attorney Announce Guilty Plea & Sentencing of Former Albany Resident for Defrauding NYS Retirement System of $130,624

State Comptroller Thomas P. DiNapoli and United States Attorney Beth Drake announced that former Albany resident Joseph F. Grossmann, 68, pled guilty to Bank Larceny, a violation of Title 18, United States Code, § 2113(b), and was sentenced to probation for three years, including one year of home confinement. Grossmann was also ordered to pay $130,624 in restitution to the New York State & Local Retirement System. Magistrate Judge Paige J. Gossett presided at the hearing.

NY ABLE Program Helps New Yorkers With Disabilities Cover Costs

New York State Comptroller Thomas P. DiNapoli and Dutchess County Executive Marcus Molinaro urged local residents to sign up for a new savings plan, called the New York Achieving a Better Life Experience (NY ABLE) program, designed to help individuals with disabilities maintain their health, independence and quality of life. DiNapoli and Molinaro today met with area residents, not-for-profit organizations and county government employees to discuss the program.

Approved State Contracts and Payments

In October, the Office of the State Comptroller approved 1,722 contracts for state agencies and public authorities valued at $1.39 billion and approved nearly 1.9 million payments worth more than $8.8 billion. The office rejected 195 contracts and related transactions valued at $520 million and nearly 600 payments valued at nearly $161.5 million. More information on these contracts and payments is available at www.openbooknewyork.com.

DiNapoli: Read Fine Print on Gift Cards this Holiday Season

New York State Comptroller Thomas P. DiNapoli is urging New Yorkers to read the fine print on gift cards this holiday season for details about fees and expiration dates. While some gift card sellers have done away with inactivity fees, consumers should still ask whether fees apply when purchasing a gift card. DiNapoli said New Yorkers should use their gift cards within a year of purchase to avoid inactivity fees and register cards with the retailers that offer it so the owner can be identified.

New York State Comptroller DiNapoli Statement on Federal Tax Reform

"The House and Senate Republican tax plans are both profoundly bad deals for New York. Cutting or eliminating state and local tax deductions will hurt many New York taxpayers. Both plans would also revise the rules for municipal bonds in ways that could drive up state and local costs for essential infrastructure investments.