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

DiNapoli: After-School Provider Misused $194,320 in Public Funds

The SCO Family of Services (SCO), a provider of extended school day programs for the State Education Department (SED), submitted $194,320 in reimbursement claims for expenses that were unnecessary, not allowable or unrelated to its programs, according to an audit released today by New York State Comptroller Thomas P. DiNapoli. 

DiNapoli: Audit Finds Misuse of Funds in Town of Fishkill

The former recreation director in the town of Fishkill allegedly misused as much as $50,000 generated by the town’s senior center, according to an audit released today by State Comptroller Thomas P. DiNapoli. The findings of the Comptroller’s audit and investigation have been referred to Dutchess County District Attorney William V. Grady.

DiNapoli: Investment in Rochester Company Returns $6.7 Million to State Pension Fund

5LINX, a telecommunications company located in Rochester, has generated an estimated $6.7 million return, nearly four times the initial investment, and achieved an approximated 21 percent internal rate of return for the New York State Common Retirement Fund (Fund), New York State Comptroller Thomas P. DiNapoli announced today. The Fund invested in 5LINX through its In-State Private Equity Program, which seeks profitable investments in New York State-based companies.

DiNapoli Announces $200 Million Commitment for Opportunistic Investments

New York State Comptroller Thomas P. DiNapoli announced today that the New York State Common Retirement Fund (Fund) has allocated $200 million to Pine Street Alternative Asset Management for opportunistic investments through its Emerging Manager Program. DiNapoli made the announcement during his address to attendees at the seventh annual Emerging Manager Conference in Albany today.