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Comptroller DiNapoli, Manhattan D.A. Bragg Announce Guilty Plea of Former NYU Director of Finance for Major Fraud

New York State Comptroller Thomas DiNapoli and Manhattan District Attorney Alvin L. Bragg Jr. today announced the guilty plea of CINDY TAPPE, 57, for orchestrating an approximately $3.5 million 6-year fraud relating to two New York University (“NYU”) programs. TAPPE used her position as the Director of Finance and Administration for NYU’s Metropolitan Center for Research on Equity and Transformation of Schools (the “Metro Center”) to divert approximately $3.5 million intended for minority and women owned businesses.

DiNapoli: Former Hannibal Fire Chief and Father Arrested

New York State Comptroller Thomas P. DiNapoli, Oswego County District Attorney Anthony J. DiMartino, Jr., and the New York State Police today announced the arrest of former Hannibal Fire Chief Chris Emmons for allegedly stealing $18,000, and Carl Emmons Sr., Chris Emmons’ father and a volunteer firefighter, for stealing over $2,500 from the fire company.

DiNapoli: Former Throop Supervisor Pays Full Restitution After Pleading Guilty to Felony for Stealing $11,000 from Town

The former Town of Throop Supervisor, William Tarby, paid full restitution as part of his sentencing after pleading guilty to stealing $11,000 from the town, State Comptroller Thomas P. DiNapoli, Attorney General Letitia James, and the New York State Police announced today. William Tarby pleaded guilty to grand larceny and official misconduct in January, and as part of his plea agreement, cannot seek public office again.

DiNapoli Releases Report on NYS Executive Budget

After the disruption caused by the COVID-19 pandemic, the state’s finances have stabilized, and the Division of Budget (DOB) is now forecasting reduced budget gaps. In his annual report assessing the proposed Executive Budget, State Comptroller Thomas P. DiNapoli identifies positive developments, as well as risks, challenges, and concerns, including several new proposals that restrict independent oversight by his office.

Report on the State Fiscal Year 2024-25 Executive Budget

After the disruption caused by the COVID-19 pandemic, the State’s finances have stabilized, and the Division of the Budget is now forecasting reduced budget gaps. In addition, the Executive Budget includes a new proposal to severely restrict the State Comptroller’s terms and conditions approval of certain State bond issuances. This critical oversight and approval role protects taxpayers from short-sighted financing decisions that too often burden taxpayers with debt that is risky and costly.

Message from State Comptroller DiNapoli

Message from State Comptroller DiNapoli

Dear Friends:

It’s been my honor to host the Emerging Manager & MWBE Conference for the past 17 years as Trustee of the New York State Common Retirement Fund—which serves 1.2 million New York State and local government employees, retirees and beneficiaries.

The Common Retirement Fund's Emerging Manager Program is a leader in building relationships with new, diverse and growing investment firms, a rich source of fresh talent and new investment strategies. MWBE managers in 2023 oversaw an all-time high of $31.5 billion in commitments and investments, and more than $2 billion in capital commitments were deployed to emerging and MWBE managers across the Fund’s asset classes. This year's conference theme, “Advancing Forward with Progress and Promise,” speaks to the progress and accomplishments of our Emerging Managers program—and our continued efforts to create, source and secure new opportunities.

On behalf of the entire team at the New York State Common Retirement Fund and our external advisors, let me commend this year’s participants for leveraging this excellent opportunity to meet with Fund staff and program partners to gain a better understanding of the Fund’s investment process.  

Sincerely,

Thomas P. DiNapoli
New York State Comptroller


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About the Common Retirement Fund
About the Emerging Manager Program

NY Common Retirement Fund Announces New Measures to Protect State Pension Fund From Climate Risk and Invest in Climate Solutions

The New York State Common Retirement Fund (Fund) will restrict its investments in eight integrated oil and gas companies, including Exxon Mobil Corp., after a review of the companies’ readiness to transition to a low-carbon economy, State Comptroller Thomas P. DiNapoli, trustee of the Fund, announced today.

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