Office of New York State Comptroller DiNapoli - COVID-19 Pandemic Leads to Record Medicaid Enrollment in 2021

 

COVID-19 Pandemic Leads to
Record Medicaid Enrollment in 2021

The Medicaid program ensures health care access for millions of New Yorkers and has become even more important during the COVID-19 pandemic, with a record number of State residents relying on the program. This increased enrollment has contributed to a steep decline in the number of New York residents without health coverage.

According to a report released by my Office, the number of New York residents without health care coverage declined from 2.2 million (11.4% of the population) in 2008 to 1.0 million (5.2%) in 2019. The expansion of the Medicaid program played a large role in the sharp drop in the number of uninsured New Yorkers.

While the drop in New Yorkers without health coverage is positive news, State budget projections rely on expectations for significant enrollment declines that may not materialize, which could drive significant unbudgeted costs.

To protect the long-term viability of the Medicaid program, State policymakers should closely monitor Medicaid enrollment and spending trends, and engage stakeholders in developing strategies to protect the quality of care for program participants while effectively containing costs

MAYOR DE BLASIO CELEBRATES APPROVAL OF CITY ZONING INITIATIVES TO ADVANCE HEALTH EQUITY

 

FRESH program updated to incentivize fresh grocers toward low-income neighborhoods

 

Health and Fitness amendment will ease regulatory burdens on gyms, spas, and licensed massage therapists

 Mayor de Blasio celebrated the City Council’s approval yesterday of two zoning measures to improve health equity throughout New York City. First, an update to the Food Retail Expansion to Support Health (FRESH) program now provides a zoning incentive for high-quality grocery stores to more lower-income neighborhoods than ever before, increasing accessibility for healthy foods for New Yorkers. The second, the Health and Fitness Text Amendment, removes outdated zoning barriers to opening gyms, spas and licensed massage therapy, helping these industries recover more quickly from the impacts of the pandemic.

 

“New Yorkers deserve better access to all the essentials and amenities that make our neighborhoods great places to live, work and play. That means making fresh foods and fitness facilities more available than ever,” said Mayor Bill de Blasio. “These zoning changes will make our city more livable, and they will make a major impact as we fight for a recovery for all of us.”

 

“Using our zoning and land use tools to create a healthier New York City is a critical part of a fair recovery. I’m delighted to see the passage of these two zoning actions that incentivize new grocery stores and remove barriers for health-related small businesses,” said Deputy Mayor for Housing and Economic Development Vicki Been. “Thank you to the City Council and the partnership across City agencies that made these proposals a reality.”

 

“The COVID-19 pandemic highlighted the necessity of health equity in New York City. Whether it’s improving access to high-quality foods, especially in underserved neighborhoods, or making it easier for health-related small businesses to open and thrive in our commercial corridors, the health of New Yorkers should be at the forefront of our work. Thanks to the City Council for approving these two zoning measures and setting us on the path to a healthier, happier city for all,” said Department of City Planning Director Anita Laremont.

 

The FRESH program began in 2009 to create zoning incentives for property owners in underserved communities to build slightly larger buildings in mixed residential and commercial districts if they included a FRESH supermarket. Today’s expansion brings the zoning incentive to 11 additional lower-income Community Districts throughout the city, including Staten Island for the first time, on top of the 19 districts where it already applies. Each new FRESH store is also expected to create 30 to 100 local jobs.

 

With this approval, the FRESH program now applies to:

Bronx Community Districts 1 through 9
Brooklyn Community Districts 1 through 5, 8, 9, 12, 13, 16, 17
Manhattan Community Districts 9 through 12
Queens Community Districts 1, 3, 4, 12, 14
Staten Island Community District 1

 

The FRESH update also tweaks zoning rules to prevent counterproductive clustering of supermarket sites, as well as changes to renovation and parking requirements in lower-density districts to make it easier than ever for the stores to open.

 

The Health and Fitness Text Amendment has removed the need for special approval from the City’s Board of Standards and Appeals (BSA) that is currently required to open a gym, spa, or licensed massage therapy studio – an expensive, time-consuming process that serves as a barrier for small and independent businesses. In a typical year, around 40 to 60 businesses had to go through the special permit process, which often took more than six months to be granted and cost businesses $30,000 to $50,000.

 

The text amendment also provides more flexibility for health-related businesses to locate in more areas across the city. Small gyms, like martial arts and boxing studios, and spas would be permitted along many commercial streets across the city where they are not currently allowed. Similarly, licensed massage therapy would be able to open in locations where other outpatient health care facilities are allowed, providing more options for these businesses.

 

These changes will help fitness facilities thrive again after being hit hard by the COVID-19 pandemic, while also giving them more options to open in underserved communities outside of Manhattan.

 

NYC PUBLIC ADVOCATE UNVEILS 2021 WORST LANDLORD WATCHLIST

 

Williams calls on incoming Mayor to address NYCHA crisis, empower oversight agencies and support legislation to hold bad landlords accountable

 New York City Public Advocate Jumaane D. Williams today released the annual Worst Landlord Watchlist, which spotlights the most egregiously negligent landlords in the city as determined by their number of average open violations across watchlist buildings. In the announcement, the Public Advocate highlighted the city’s past failures to hold bad landlords accountable under Mayor de Blasio – and history as the worst landlord itself through NYCHA – and called on the incoming Mayor and City Council to prioritize landlord accountability as they prepare to take office next month.

The number one worst individual landlord for 2021 is David Schorr, who amassed an average 1,442 open violations across 17 buildings featured on the watchlist. Schorr ranked #75 on the 2020 list. Schorr’s buildings featured on the list, which are primarily located in Harlem and Morningside Heights, have severe open violations including rat and roach infestation, mold, leaks, and lead paint, among other issues. He is listed as receiving J-51 tax exemptions for several of his buildings.

The New York City Housing Authority, which continues to rank as the overall worst landlord in the city for the fourth year in a row, saw a dramatic increase in the number of deteriorating or dangerous conditions. As of November 2021, there were 600,480 open work orders in NYCHA buildings across the city, an increase of over 121,600 from the previous year. The de Blasio administration will end with a significantly greater number of open orders than when it began in January of 2013, when NYCHA reported a backlog of over 420,000 work orders citywide.

"While the top name on our list is new, the patterns of neglect and abuse by bad landlords are all too familiar,” said Public Advocate Jumaane D. Williams. “With a new administration about to take office, it’s critical that we take expanded, expedited action to hold the worst actors in our city accountable. The city needs to invest the resources needed to stop landlords from treating violations as negligible, fines as the cost of doing business, and profits as more valuable than the people living in their buildings. At the same time, the city itself is truly the worst landlord through NYCHA — with more open work orders now than eight years ago — and must take urgent action to address years of failing to adequately invest in or support the nearly half a million New Yorkers living there.”

The top five worst individual landlords in New York City for 2021 are:

1. David Schorr, with an average of 1,442 HPD open violations
2. Abdul Khan, with an average of 1,302 HPD open violations
3. Nathaniel Montgomery, with an average of 1,192 HPD open violations
4. Michael Niamonitakis, with an average of 1,060 HPD open violations
5. David Blau, with an average of 1,050 HPD open violations

The 2021 Worst Landlord Watchlist indicates that throughout the last year of the pandemic, many landlords have further neglected building repairs, as evidenced by an overall rise in violations across landlords on the list, as well as an increase in violations reported to the Department of Housing Preservation and Development (HPD) across the city. At the same time, several landlords previously at the top of the list have dropped to lower positions, in part after finally addressing violations in many of their buildings which led to their high rankings. However, while the situation for some tenants has improved, conditions for New York City tenants at large are still deteriorating, as there are more HPD violations recorded citywide this year than last year.

At a press conference to announce the list, the Public Advocate emphasized the need for the incoming administration to allocate the resources needed to crack down on the city’s worst landlords, including NYCHA. This includes providing expanded funding to HPD for enforcement purposes.

Public Advocate Williams also called on the incoming City Council to move swiftly to pass the Worst Landlord Accountability Act, a package of bills aimed at correcting and preventing disingenuous tactics used by some of those landlords in order to attempt to remove themselves from the list. The first would prevent the city’s worst landlords from falsely self-certifying repairs, and the second would mandate that HPD respond more rapidly to severe violations. The Public Advocate emphasized that the measures must be prioritized in the upcoming legislative agenda for the Council. Passage of these bills, he noted, should be accompanied by additional resources for HPD, which has been underfunded relative to the overwhelming need presented by bad actors. 

Private landlords on the Worst Landlord Watchlist are ranked objectively according to data obtained by the Department of Housing Preservation and Development (HPD). Landlords are ranked based on the average number of housing code violations open per month on their buildings on the watchlist, using data from December 2020 to November 2021. More on the methodology is available here.

View the full Worst Landlord Watchlist, and check to see if your address is owned by a 2021 worst landlord, by visiting LandlordWatchlist.com.

Attorney General James Files Lawsuit Against Pet Store That Unlawfully and Deceptively Sold Sick Puppies to Consumers

 

Investigation Finds Shake A Paw Locations on Long Island Violated State Laws by Fabricating Health Certificates and Lying to Consumers About Health, Breed, and Origin of Puppies 

On Multiple Occasions, Shake A Paw Sold Consumers Critically

Sick Puppies That Died Within Days or Weeks of Purchase

AG James Obtains Testimony From Vet Who Formerly Worked for Shake A Paw, Details Unethical Behavior and Inhumane Conditions of Dogs

 New York Attorney General Letitia James today filed a lawsuit against pet store Shake A Paw for unlawfully selling numerous sick or injured puppies to unaware consumers at both of its Long Island locations. An investigation by the Office of the Attorney General (OAG) found that both Shake A Paw locations on Long Island — in Hicksville and in Lynbrook, which serve the broader tri-state area — falsely advertised sick pets as healthy, fabricated health certificates, failed to disclose the animals’ legitimate medical conditions, misrepresented puppies’ breeds, and refused to reimburse consumers for veterinarian bills when they lodged complaints with Shake A Paw. Attorney General James also filed a motion for a temporary restraining order against Shake A Paw in an effort to protect the puppies in danger at the two Long Island locations, as well as to freeze funds that are in bank accounts managed by Shake A Paw for restitution.

“Shake A Paw’s actions of deceiving consumers into purchasing sick or injured dogs is unconscionable and illegal,” said Attorney General James. “My office’s thorough investigation uncovered a series of violations by Shake A Paw that defrauded consumers and found sick puppies that came from dangerous puppy mills. When New Yorkers purchased puppies from Shake A Paw, they did not expect to bring home dogs in such heartbreaking and horrifying conditions. Today, we are holding Shake A Paw accountable for their unlawful and inhumane actions by filing a lawsuit to permanently ban the company from selling puppies any longer, as well as to recoup what consumers paid. Animal mistreatment is despicable and will not be tolerated.”

After receiving numerous consumer complaints, the OAG opened an investigation into both Shake A Paw locations on Long Island. Shake A Paw advertises their puppies as healthy and of the highest quality. After reviewing hundreds of veterinary records and consumer complaints, the OAG’s investigation found that Shake A Paw sold puppies with serious illnesses — with some puppies passing away within days or weeks of purchase. Several puppies were suffering from serious illness and congenital defects, displaying visible signs of illness at the time of sale, despite receiving health certifications signed off by Shake A Paw’s contracted veterinarians, oftentimes mere days before sale.

The OAG analyzed 408 veterinary records of puppies sold at the Shake A Paw locations, out of which:

• 52 percent of the puppies presented coughing, sneezing, an upper respiratory infection, and/or breathing problems;
• Roughly 54 percent were infected with parasites; and
• Almost 10 percent were diagnosed with pneumonia.

In addition, the OAG received 113 Shake A Paw records, out of which 67 — or almost 60 percent of the health certificates — were issued between zero and 19 days prior to sale.

The illnesses and congenital defects in these animals were found to be consistent with puppies that are purchased from puppy mills. The OAG investigation found thousands of puppies from known puppy mills that were shipped to both Shake A Paw locations on Long Island. Through financial records, the OAG found payments being made to known puppy mills by Shake A Paw. In fact, the American Society for the Prevention of Cruelty to Animals (ASPCA) notified the OAG that the U.S. Department of Justice indicted a puppy mill breeder that supplied puppies to Shake A Paw. The information provided by the ASPCA directly linked Shake A Paw to obtaining puppies from puppy mills and not reputable breeders as advertised.

The OAG also obtained sworn testimony from a veterinarian that had a prior relationship with Shake A Paw, but ended this relationship due to their concern over the number of sick animals that were being sold by Shake A Paw, as well as other ethical concerns.

After purchasing puppies, many consumers were left with hefty veterinarian bills shortly thereafter. Shake A Paw would often give consumers the run around when they called to ask for reimbursement, were hung up on, and/or told that they were not entitled to their money back. Shake A Paw representatives also directed consumers to the company’s own veterinarians, who often failed to diagnose illnesses; telling consumers that they would not be reimbursed if they visited their own veterinarians — a violation of the Pet Lemon Law. Additionally, Shake A Paw refused to reimburse consumers who purchased sick animals or animals that passed away, another violation of the Pet Lemon Law.

Through her lawsuit — filed in Nassau County State Supreme Court — Attorney General James is seeking restitution for the victims over Shake A Paw’s unfair and deceptive conduct; civil penalties for such conduct; a permanent injunction preventing Shake A Paw from selling, importing, exporting, bartering, exchanging, or gifting any animals in the future; and an end to the company’s further violation of consumer protection laws.

“I’m so grateful that Attorney General James is taking action to hold Shake A Paw accountable for what all of the puppies and families have had to go through,” said Erin Laxton, who purchased a dog at the Lynbrook Shake A Paw that passed away within weeks of purchase. “I just hope that in the future other families don’t have to suffer the same grief that we did. I’m proud that I could be involved in this because it feels like I’m getting justice for my dog Merlin.”

“I would like to thank Attorney General James and her team for advocating for these sick dogs and holding Shake A Paw accountable for their negligence,” said Danielle Fasano, who purchased her dog Shaq from the Hicksville Shake A Paw and immediately had to take the dog to a veterinary hospital to be treated for pneumonia. “Shake A Paw’s actions are heartless. They put profits over treating puppies humanely. We hope this lawsuit brings an end to Shake A Paw’s terrible treatment of puppies.”

Governor Hochul: “We're Asking People to Follow Common Sense. Get Vaccinated, get Boosted. Please Don't Take a Chance.”

 

 Hello, everyone. It's great to see you again. And I thank you for coming in person. Just for the record, everyone here is vaxxed, everyone here is boosted, we’re six feet apart. We'll keep our masks on when we're not speaking. In the interest of making sure that you can hear me, I'm going to invoke the rule we have in place for people who are using microphones. So just so you know, all the rules have been followed here. 

We just wrapped up my very first cabinet meeting and it was such a privilege for me to see the individuals, the very diverse individuals from all walks of life and gender diversity, racial diversity, cultural diversity, who have become part of our team. And I'm really energized by what they bring to the experience of reshaping state government. And as I said on the first day in this very room, it is my highest priority to restore people's faith in state government. And they are the dream team that are helping me execute that every single day. 

We had a chance to hear from Lieutenant Governor Brian Benjamin on all the initiatives he's working on, whether it's a public safety, eradicating gun violence, dealing with the housing insecurity crisis we have. And I want to thank him and also economic development initiatives. He has a lot on his plate. I've challenged him to beat my record in miles around the states. So he's on track to do that, he's been everywhere. And I thank him for his, his friendship and his partnership, our Lieutenant Governor, Brian Benjamin.

Also, we heard from Robert Mujica on our budget priorities as everyone knows our budget is due in a matter of weeks, we will keep to that proper schedule as well as giving an analysis of our fiscal condition right now and how we're heading into an uncertain time, particularly with the variant spiking again, and creating more havoc than we’d anticipated, but we now will have the reserves in place to be able to deal with whatever comes our way. And that was an important priority of mine to make sure we have the resources to deal with the future challenges.

I also had a chance for my administration to hear directly from Dr. Mary Bassett, who is an extraordinary individual leader who has tremendous service in the city of New York. And we were able to pull her out of a very nice position at Harvard to join our team. And when she said, yes, I knew that we would have someone who was a very confident leader, but also an inspiring leader. And I want to thank her for her work. And I asked her to give an update then, and because it's so important in light of the Omicron variant and what is happening all across our state. No state is untouched by what we anticipate will be a very serious situation.

It's not something we haven't spoken about. It's not something we haven't warned about. It's not something we haven't prepared for. However, it is upon us. That winter surge is in full force, and I believe it's going to get even stronger and more virulent. And we are in for a rough ride this winter season.

So I asked Dr. Bassett to speak then, but I wanted to have her present to you a synopsis of what she shared with us. Just so you have the data in real time with when I was briefed and Dr. Bassett, if you could share some of the highlights of your presentation, I’d appreciate it.

Dr. Bassett: Thank you very much governor. So I'm going to start out with this graph, which really shows where we've been in the last couple of months.

I hope that you can read it, some of the print is a little bit small. 

But in the summer, after having sort of had a lull in transmission and beginning to open up, which we've continued, we began to see what we now call the Delta surge, a new variant that was first described in India. It was the fourth variant of concern, according to the World Health Organization.  And now we're at the winter surge, something that was anticipated because as the weather gets colder, more people go inside and also more people were mixing in ways that they didn't do a year ago. So the winter surge has been substantial. 

We have seen levels, if you compare the level of hospitalizations, that's what the red line is, on December 14th, compared to where it was back in July, or even at the peak of the Delta surge, you can see that hospitalizations are the highest that we've seen in months and are still going up.

At the same time, that line at the bottom shows the rate of increase of vaccination. Just to give you an idea of the numbers. As this winter surge began, we went from 65 to 68% of the population fully vaccinated. And that line just shows that we've had a flattening out of the rate of uptake of the vaccinations and I hope that all of you are vaccinated. I recommend that everyone be vaccinated and boosted.

And we’ve seen a little uptick recently that I think reflects the efforts of the governor, my department and the occurrence of the concern about new variants. Let me show you this, at the risk of acting like a math teacher, for the press, this shows you what happens with exponential spread, in the green or something equivalent to the Delta variant, that we think each person can infect a one and a half to two people. If you look at the bottom there in 10 cycles, that means 10 cycles of transmission. You get up to 2000 cases. With a more contagious variant, the difference in the total number of people infected becomes really huge. Say each case, infects four people at the end of 10 cycles, you have nearly 1.4 million infections.

Now think about how serious this virus is: say that 10% of people infected end up hospitalized, that’s at the bottom of the new admissions line there, you get about 200 cases. But in contrast, if you have so many more people infected, this goes up to about 14,000. I was inspired to show you these data because these type of data, and to show the cabinet these data, because these types of data were shared by the president of Cornell University.

So this sets me up to talk about Omicron and we are keeping an eye on what's going on of the world. Here we have data from Norway and Denmark, highly vaccinated populations with an age distribution more like the United States than South Africa. Look at the peak there. These are new cases. So this is infections, not hospitalizations. But we know that even if it's much less likely to cause severe disease, which seems to be the case, if you have a lot of people infected, even a small proportion will lead to big numbers.

And of course we're also in flu season and I have to always use the chance to remind people that they need to get both vaccinated for COVID and for flu when everybody was sort of living very constrained lives. We hardly saw any flu last season. But this year we're already ahead of where we were in the last big flu season two years ago. So we're concerned also about flu and the fact that we have both of these in our midst. So that's where we are.

We are in the midst of a Delta surge. We have Omicron in the wings. It's been identified here in New York State. And we also can't forget that with winter comes seasonal influenza. Thank you, Governor.

Governor Hochul: Thank you, Dr. Bassett for sharing that. And just as far as our regular update goes, we lost 71 New Yorkers yesterday, heartbreaking experience for families, particularly heading into this holiday season and our hearts go out to them and the numbers statewide continue to rise. The hospitalizations continue to escalate. 

And our vaccinations not quite plateaued, but I want to make sure everyone knows that particularly individuals who received their first vaccination early on, and these are the people who lived in assisted living and nursing homes and who were immunocompromised, they may have been vaccinated back in December, January, February. You need to get that booster shot because otherwise you are not nearly as protected as you need to be against this new variant. 

And why I thought the point that Dr. Bassett made was really important, people are underestimating the power of Omicron because they're saying, well, people aren't getting really sick, they're not in hospitals. Look at the percentages she just showed us based on that graph. You may only have 1% of people infected hospitalized versus 10% from Delta, but if you have a million more people infected because it's spread so much more quickly, that means you'll have overflowing hospitals at this rate.

That was not the reality, she showed you what could happen, but she wanted you to see clearly what an exponential transmission looks like. So that is why, people are saying it's not that big a deal. It's going to spread to some people who have not been fully vaccinated or they didn't get the booster, or they may have just received their vaccine this fall, which is still effective, but at some point it'll wane. And that is why we are taking very common sense, simple measures, like wearing a mask, which I know I'm going to get questions about. And go ahead because I know it's coming, but this has to be the least intrusive thing that we can do. 

We're asking people to follow common sense. Get vaccinated, get boosted. Please don't take a chance. Please don't take a chance. You know, we've lost members of our extended family for people who just refuse to get vaccinated on principle because they thought there was some sort of affecting their personal liberties and freedoms. People have a right to stay alive and people that you affect have a right to live as well. And that's something we all should remember. 

So I want to thank the press for reminding everyone how important this is. Your intense coverage of this is critically important. So people know what we're heading into. And I thank you for that again. 

Lastly, yes, it's 20 days from now, I'll be delivering the State of the State address. It will be my first. I'm very excited to do it in the legislature. I've heard from countless members of the legislature who remind me that it's technically not a State of the State, it’s called a Message to the Legislature. So returning it to the home of the legislature is the right thing to do. And also, it will be much more scaled back because of this pandemic. We hope it'll be a different dynamic, but just as I was disappointed not to be able to have my cabinet meeting in person, to have everybody get to know each other better, we’ll also have to suspend the normal activities around the State of the State, the Message to the Legislature. We’ll announce what that's going to look like as well as making sure we have policies in place for people coming into this building.

I had a meeting with the leaders of the Assembly and the Senate just recently to talk about making sure we have a policy in place, certainly before we invite people back at the beginning of next year. So stay tuned for the details on what that will look like. Again, we have a very evolving situation here. Not that we're surprised. Not that it was unexpected. But it continues to be as bad as we had expected. And that's what we're dealing with right now.

MAYOR BILL DE BLASIO ANNOUNCES HISTORIC $40 MILLION TO RESTORE THE VALE IN PROSPECT PARK

 

$40 Million in capital funding will enable NYC Parks and Prospect Park Alliance transform Park's northeast corner

 

Restoration plans shaped through intensive community outreach process led by Prospect Park Alliance and Hester Street/Grain Collective

 Today, Mayor Bill de Blasio announced a historic $40 million allocation to restore the Vale in Prospect Park. This funding is the largest single allocation in the history of Prospect Park Alliance, the non-profit that sustains the park in partnership with the city, and will restore important landscapes within the 26 acres in the northeast corner of the park called the Vale. The Mayor was joined by NYC Parks Commissioner Gabrielle Fialkoff and Iris Weinshall, Chair, and Sue Donoghue, President of Prospect Park Alliance, and community leaders. 

“Prospect Park is Brooklyn’s backyard,” said Mayor Bill de Blasio. “It’s where I got married and raised my family, and where New Yorkers of all backgrounds come to spend time in nature. This historic $40 million in funding will ensure the Vale is restored to its full glory.”

“Our vision of equity for New York City has always been to make all neighborhoods across the five boroughs safer, more welcoming, and, thus, more livable than we found them,” said Deputy Mayor for Housing and Economic Development Vicki Been. “As we march on in our fight against COVID, we must prioritize our green spaces—where loved ones gather to celebrate life and where we often venture alone to escape the hustle and bustle of the city. This investment drives home not only the importance of our parks, but the City’s passion for creating and maintaining holistic communities where New Yorkers are proud to live, work, and play.”

 

"Thanks to Mayor Bill de Blasio's $40 million investment, the gateway to Prospect Park's treasured Vale, the borough’s last remaining forest, will soon be renewed, restored and revitalized," said NYC Parks Commissioner Gabrielle Fialkoff. "We are excited to work with our partners at the Prospect Park Alliance who provided the vision and advocated for this multifaceted project. Upon its completion, the Vale will be home to an amphitheater, a pollinator meadow and so much more. This amazing new space will serve Brooklyn for generations to come."

 

"On behalf of Prospect Park Alliance, we would like to thank Mayor de Blasio for his leadership and vision in advancing Prospect Park, Brooklyn's Backyard, for the millions of New Yorkers the park serves every year. His support of this important restoration, in addition to the Grand Army Plaza arch and berms, and other projects, will be a lasting legacy in Prospect Park, and one that all New Yorkers can celebrate," said Iris Weinshall, Board Chair, Prospect Park Alliance.

 

"Prospect Park Alliance was founded over 30 years ago to sustain, restore and advance the park for the entire Brooklyn community. Today, through this historic funding allocation from the Mayor, we will be able to realize the community's vision for the 26 acres in the northeast corner of the park. Since its founding, the Alliance has restored significant landscapes and buildings in the park, from the 150-acre woodland Ravine to the 26 acres in the southeast corner of the park, Lakeside and the LeFrak Center. It is critical to advance this work to make the park fully accessible and welcoming for our community," said Sue Donoghue, President, Prospect Park Alliance.

 

17 Days and Counting - A Conversation Between Friends?

 

Hey Ruben I saw you were at your father's Clergy breakfast this morning. Are you going to Councilman Salamanca's inauguration and celebration that I saw your father pushing? Wasn't that a TEAM DIAZ event in the past for Board of Election workers? Oh well Councilman Salamanca is the only one of the team left, comes January 1, 2022, and he came in late in 2017. By the way Ruben 

If I am correct State Senator Luis Sepulveda was a part of the team, but he left a short time after your father was elected councilman. Michael Blake was a member of the team, but he left shortly after the LGBTQ community demanded he take back his check he gave to your father's campaign. Ruben why did Victor Pichardo leave office in the middle of his term, what did he do wrong. Come on Ruben it couldn't be something like the one with you and Marcos Crespo, another one who quickly got out of politics. Well Ruben I am still looking for a Lieutenant Governor candidate, if you know a good candidate let me know.

Former Analyst Pleads Guilty To Securities Fraud For Committing Insider Trading By Front-Running Employer’s Pending Trades

 

 Damian Williams, the United States Attorney for the Southern District of New York, announced today that SERGEI POLEVIKOV, a former analyst employed by an asset management firm, pled guilty to one count of securities fraud in connection with his multi-year scheme to commit insider trading by misappropriating confidential information about pending trades by his former employer.  POLEVIKOV was arrested in September of this year, and pled guilty today in Manhattan federal court before U.S. District Judge Lewis J. Liman. 

U.S. Attorney Damian Williams said: “As he admitted in court today, Sergei Polevikov broke the law when he exploited material, nonpublic information to make personal trades ahead of his employer’s large institutional trades.  Polevikov now awaits sentencing for his crime, and he must also forfeit more than $8 million in illicit profit.”

According to the Information to which POLEVIKOV pled guilty, the complaint that was filed in this case, and statements made during court proceedings:

From at least in or about 2014 through in or about October 2019, POLEVIKOV was employed as a quantitative analyst at an asset management firm with headquarters in New York, New York (the “Employer Firm”).  In his role at the Employer Firm, POLEVIKOV had regular access to information regarding contemplated securities trades on behalf of the Employer Firm’s clients, which included investment companies.  During the period charged in the Complaint, POLEVIKOV engaged in a front-running scheme to misappropriate confidential, material, nonpublic information about the securities trade orders of the Employer Firm on behalf of its clients in order to engage in short-term personal securities trading in a brokerage account opened in his wife’s name.  POLEVIKOV’s trading scheme was designed to take advantage of relatively small price movements in a company’s stock that followed from large securities orders executed by the Employer Firm on behalf of its clients.  In total, POLEVIKOV’s scheme yielded more than $8.5 million in illicit profits.     

As part of his plea agreement, POLEVIKOV has agreed to forfeit $8,564,977 on or before April 1, 2022. 

POLEVIKOV is scheduled to be sentenced by Judge Liman on April 12, 2022.

Mr. Williams praised the investigative work of the Federal Bureau of Investigation.  Mr. Williams also thanked the Securities & Exchange Commission, which brought a related civil action against POLEVIKOV.