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Missing in New York: Pension Documents

The current state comptroller says his staff found papers missing from the desk of New York's former chief investment officer.
Stephen TaubJuly 17, 2007

New York Comptroller Thomas DiNapoli said his staff discovered that records were missing from the desk of David Loglisci, the deputy comptroller for Pension Investment and Cash Management, who resigned from his slot in May.

DiNapoli said the Albany County District Attorney’s Office and the Office of the Attorney General is investigating Loglischi, who served under former New York comptroller Alan Hevesi. Hevesi stepped down in December 2006 after pleading guilty to a felony involving the improper use of the services of a state employee as a driver for his ill wife.

Loglisci, a previous Salomon Smith Barney private-equity specialist, had been the chief investment officer of the state’s $145 billion retirement fund. CFO.com could not locate Loglisci at presstime.

DiNapoli, who replaced
Hevesi as comptroller after being voted in by the New York Legislature in February, said in a statement that when the missing records were discovered, his staff informed Albany District Attorney David Soares and began work to recover the documents.

Within a short time, Di Napoli said, his staff compiled copies of nearly all the missing documents and delivered them to the District Attorney. “We will continue to fully cooperate with law enforcement officials to ensure that any wrongdoing by the Hevesi administration is uncovered and prosecuted to the fullest extent of the law,” DiNapoli said. The comptrollers office will continue to “aggressively” pursue its own internal review.