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DiNapoli: Middletown Chiropractor Sentenced to Nine Years for Insurance Fraud

State Comptroller Thomas P. DiNapoli announced James “Jay” Spina was sentenced in federal court for running a large-scale health care insurance fraud scheme. Spina and three co-conspirators systematically double-billed insurers, charged for services never rendered, created shell companies and falsified records to hide their crimes.

Spina pled guilty to one count of conspiracy to commit health care fraud and today was sentenced to serve 108 months (nine years) in federal prison, plus three years of probation and pay $9.7 million in restitution and forfeit $9.1 million.

The Hotel Industry in New York City, June 2016

New York State’s hotel industry has experienced a decade of strong growth, driven by an increase in tourism. A record number of visitors (227.5 million) came to New York State in 2014, and a new record was likely set in 2015.

State Comptroller Thomas P. DiNapoli Statement on New State Budget

“The state Legislature and Governor agreed on a new state budget as the state is struggling to recover from the economic devastation caused by COVID-19. More than a year into the pandemic, the number of cases remains high in New York but the accelerated pace of vaccinations and job growth in many sectors indicate an improving economic outlook. We are not out of the woods, and we must remain cautious as there is still uncertainty about the epidemic and the trajectory and equity of the recovery.

NYS Comptroller DiNapoli: SEC Upholds Shareholders' Right to Seek Racial Equity Audit

New York State Comptroller Thomas P. DiNapoli made the following statement today in response to the U.S. Securities and Exchange Commission Staff's determination that it was unable to agree with Amazon Inc.’s request to keep the New York State Common Retirement Fund’s shareholder proposal off the ballot at its annual shareholders’ meeting.

DiNapoli Releases Bond Calendar for Second Quarter

New York State Comptroller Thomas P. DiNapoli today announced a tentative schedule for the planned bond sales for New York state, New York City and their major public authorities during the second quarter of 2021. The state and New York City are not planning any bond issues at this point in time.

The planned sales of $2.45 billion include $1.55 billion of new money and $901 million of refundings and reofferings as follows: