Excellent question. It’s because the State Fund is just another bureaucracy with no accountability. No wonder NY is virtually bankrupt. Not only did it allow 25,000,000 to disappear from it’s coffers, it also lost the interest it could have earned. The rating modules no doubt are not accurate which results in bad pricing. Will anybody lose their job over this? Ain’t gonna happen. This is why the taxpayers need to revolt and refuse to pay any additional taxes until the government demonstrates it can manage what it has responsibly. Othewise, nothing changes. Throwing more money to mask poor management doesn’t cut it.
This old chooch made himself $25,000,000 because the state of NY was lazy, stupid, and incompetent. I’ll bet he never sees the inside of a jail for his fraudulent activities. As an added insult, this dirt bag spits in the face of the legal system by pleading “not guilty”. Funny how the IRS will chase some honest hard-working ******* for a few hundred dollars in taxes while allowing morons like this to skate under the radar for years.
This could go either way. I worked for one of the companies this man helped off the ground, and I can tell you, while no one is a saint, the one I worked for was on the up & up, and got a lot fo people a lot of good work.
He may be a ‘dirt bag’ but I’d like to hear both sides before blasting the man on here. With the bureacracy known as NY State, and the useless State Government and Legislators, this could easily be an accounting error.
Question: $25M! why did it take the State Fund so long to catch this person??
Excellent question. It’s because the State Fund is just another bureaucracy with no accountability. No wonder NY is virtually bankrupt. Not only did it allow 25,000,000 to disappear from it’s coffers, it also lost the interest it could have earned. The rating modules no doubt are not accurate which results in bad pricing. Will anybody lose their job over this? Ain’t gonna happen. This is why the taxpayers need to revolt and refuse to pay any additional taxes until the government demonstrates it can manage what it has responsibly. Othewise, nothing changes. Throwing more money to mask poor management doesn’t cut it.
This old chooch made himself $25,000,000 because the state of NY was lazy, stupid, and incompetent. I’ll bet he never sees the inside of a jail for his fraudulent activities. As an added insult, this dirt bag spits in the face of the legal system by pleading “not guilty”. Funny how the IRS will chase some honest hard-working ******* for a few hundred dollars in taxes while allowing morons like this to skate under the radar for years.
This could go either way. I worked for one of the companies this man helped off the ground, and I can tell you, while no one is a saint, the one I worked for was on the up & up, and got a lot fo people a lot of good work.
He may be a ‘dirt bag’ but I’d like to hear both sides before blasting the man on here. With the bureacracy known as NY State, and the useless State Government and Legislators, this could easily be an accounting error.
any further developments?