State Comptroller Thomas P. DiNapoli's Weekly News - Wall Street Bonuses

 

Wall Street Bonuses

Wall Street’s average bonus for securities employees was $176,500 in 2023, according to State Comptroller DiNapoli’s annual estimate. Bonuses declined nearly 2% since 2022. Wall Street’s profits were up 1.8% in 2023, but firms have taken a more cautious approach to compensation and more employees have joined the securities industry, which accounts for the slight decline in the average bonus.

Comptroller DiNapoli’s office closely tracks the economic performance of Wall Street because of its significant impact on State and City tax revenues and the economy. Comptroller DiNapoli estimates that 1 in 11 jobs in the City are either directly or indirectly associated with the securities industry. Find out what it means for income tax revenue for the State and City.

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Women’s History Month:

Women of Influence Through the Years

The State Comptroller’s office is proud to have a long history of women in leadership. Women have held pivotal roles since 1960, and their influence has grown under Comptroller DiNapoli. Today, women make up more than half of the office’s workforce.

In honor of Women’s History Month this year, our Women on Work committee developed a walking tour highlighting women who’ve helped shape the agency over the years.

Comptroller DiNapoli recently joined committee leaders, honorees and staff to experience and reflect on this important legacy.

Watch the Video

Comptroller DiNapoli Releases Profile of New York's Small Business Owners

Even as many small businesses shuttered their doors or struggled through the pandemic, entrepreneurs in New York continued to identify and pursue new opportunities, according to an analysis by State Comptroller DiNapoli. New York exceeds the nation in the share of businesses that are majority female and minority-owned; however, they continue to represent less than one-quarter of all owners in New York State.

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NYC Immigrant Workforce Below 2015 Peak

The size of New York City’s immigrant workforce was flat over nearly a decade, according to a new report from State Comptroller DiNapoli. Through 2023, the foreign-born labor market grew 18.5% since 2015 nationally, while New York City’s declined 0.6%, according to data analyzed from the Bureau of Labor Statistics. Still, in 2023, New York City’s 1.8 million foreign-born workers made up 44.3% of its total labor force, more than double the national share of 18.6%.

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Municipal & School Audits

• City of Salamanca
• Piseco Common School District
• Village of Afton
• Beacon Central School District
• Copiague Union Free School District
• OnTECH Charter High School

ALSO IN THE NEWS THIS WEEK

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• Wall Street bonuses fell 2% for 2023, New York Comptroller says

• Report: Immigrant workforce in New York City takes slight dip over decade
  
  
• New York State Boosts Procurement Transparency Via Dashboard
  
  
• Report: New York business owners found new opportunities despite COVID's obstacles

Post of the Week

Tom DiNapoli @NYSComptroller 

Michael Beltzer - Submit a Blank Ballot Against Genocide by April 2nd at 8:59pm

 

NO VOTES FOR GENOCIDE!

You can take your ballot directly to the scanner without filling it out and putting it into the scanner Blank to show your are not complicit in Genocide!

This is what you said you learned, that history wont repeat itself. Many of you have given me words of support over the years, told me to never stop fighting and to always speak up against exploitation and harm. Well there's Genocide happening and many of your local, state and national leaders are supporting it in your name. I am imploring all of you to take your ballot and submit it blank, to show that we do not stand for our government to continue its support of genocide.

Learn more about Leaving It Blank here

Man Ordered to Remove Shipping Container and Floating Docks from Lake Worth Lagoon after Violating Rivers and Harbors Act

 

The U.S. District Court for the Southern District of Florida ordered a man to remove a shipping container and floating docks on which it rested from Lake Worth Lagoon near Palm Beach, Florida.

A 2021 complaint alleged that Fane Lozman violated the Rivers and Harbors Act (RHA) by placing the shipping container – which Lozman modified to include windows, doors, stairs, a rooftop deck and other additions – on floating docks in navigable waters of the United States without authorization. Since the United States commenced the action, Lozman removed several pieces of floating docks from Lake Worth Lagoon, but two floating docks and the modified shipping container remained.

Lozman moved the floating docks and shipping container to different areas in Lake Worth Lagoon and anchored them. One of the floating docks split apart. And Lozman’s floating docks became unmoored on several occasions including once when the dock with the shipping container on it floated across Lake Worth Lagoon and beached at a public park. The floating docks together weigh over 100,000 pounds.

Lake Worth Lagoon is Palm Beach County’s largest estuary at up to a mile wide and running approximately 21 miles from North Palm Beach to Ocean Ridge, with two inlets connecting it to the Atlantic Ocean. The Atlantic Intracoastal Waterway cuts through Lake Worth Lagoon.

“Building or placing structures in navigable U.S. waters without authorization is a violation of the Rivers and Harbors Act,” said Assistant Attorney General Todd Kim of the Justice Department’s Environment and Natural Resources Division (ENRD). “Unlawful structures can pose increased risks of harm to others, as in this case. We’re committed to enforcing the law.”

“The Rivers and Harbors Act provides for the safety of navigable U.S. waters,” said U.S. Attorney Markenzy Lapointe for the Southern District of Florida. “Prompt enforcement action to remove unauthorized structures is needed to protect persons and commerce in navigable U.S. waters.”

“USACE Jacksonville greatly appreciates the expertise and support that the Justice Department brought to resolving this matter,” said District Commander Col. James Booth of the U.S. Army Corps of Engineers' (USACE) Jacksonville District.

“The USACE Jacksonville regulatory enforcement program is working to deter unauthorized activities such as this, while continuously maintaining the integrity of the nation's waterways and aquatic resources,” said Compliance and Enforcement Chief Bobby Halbert of USACE’s Jacksonville District.

The USACE’s Jacksonville District referred the case to the Justice Department’s Environment and Natural Resources Division (ENRD). The Jacksonville District Enforcement Section is often aided by state and federal agencies, as well as groups and individuals who report suspected violations. To report suspected violations of the Rivers and Harbors Act, contact the Jacksonville District's enforcement program at SAJ-RD-Enforcement@usace.army.mil.

U.S. Attorney Charges Convicted Sex Offender Who Had Fled To Mexico With Sexual Exploitation Of A Minor And Distribution Of Child Pornography

Damian Williams, the United States Attorney for the Southern District of New York, and James Smith, the Assistant Director in Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that KENNEDY CARTER, a convicted sex offender who had fled to Mexico from probation in Oregon following a conviction for encouraging child sexual abuse in the first degree in that state, was arrested and charged with sexual exploitation of a child and other child sex offenses. March 21, 2024, CARTER was deported from Mexico by Mexican immigration authorities and arrived at San Francisco International Airport, where he was arrested by the FBI upon arrival.  CARTER will be presented in San Francisco federal court before U.S. Magistrate Judge Laurel Beeler.  

 

U.S. Attorney Damian Williams said: “The charges unsealed today reflect the tenacity of the career prosecutors of this Office and our law enforcement partners who tracked down this alleged recidivist sex offender to Mexico after he fled from probation in Oregon.  The defendant went to great lengths to avoid responsibility for his alleged unconscionable actions, but we relentlessly pursue justice for victims of child sexual abuse, and those responsible will face the full weight of the law, no matter where they may hide.” 

FBI Assistant Director in Charge James Smith said: “Kennedy Carter, a convicted sex offender, allegedly coerced a 12-year-old girl to send him sexually explicit photos and videos of herself over the Internet.  Carter’s arrest reaffirms the FBI’s commitment to protecting children from dangerous sexual predators.  Crimes of this nature are inexcusable, making victims out of some of our most vulnerable members of society.  We urge parents to continue having conversations with their children about safe online surfing and encourage the public to come forward with information that could help us identify other potential victims in this or any other case.” 

As alleged in the Complaint:[1]

From at least on or about May 20, 2023, through at least on or about May 29, 2023, CARTER knowingly induced, enticed, and coerced a 12-year-old female minor located in Putnam County (“Victim-1”) to engage in sexually explicit conduct, to take sexually explicit photos and videos of herself engaging in such conduct, and to transmit them over the internet to CARTER.  In addition, from at least on or about May 20, 2023, through at least on or about May 29, 2023, CARTER knowingly distributed material that contained child pornography, including photographs and videos of another minor female (“Victim-2”) to Victim-1 over the Internet.  Finally, because CARTER is required by federal or any other law to register as a sex offender, and is so registered, and has committed a felony offense involving a minor in engaging in sexual exploitation of a minor, he is also subject to an enhanced penalty as charged in the Complaint. 

Any individuals with information concerning KENNEDY CARTER and any individuals who may have encountered someone using the WhatsApp username 5215591447960@s.whatsapp.net or the aliases “Mikey Portuguez Perez” or “Javed Montero,” please contact the FBI at 1-800-CALL-FBI or https://tips.fbi.gov. 

CARTER, 27, previously of Corvallis, Oregon, is charged with one count of sexual exploitation of a child, which, because of his prior state conviction in Oregon for encouraging child sexual abuse in the first degree, carries an enhanced mandatory minimum sentence of 25 years in prison and a maximum sentence of 50 years in prison; one count of receipt and distribution of child pornography, which, again due to his prior conviction, carries an enhanced mandatory minimum sentence of 15 years in prison and a maximum sentence of 40 years in prison; and one count of penalties for registered sex offenders, which carries a mandatory minimum sentence of 10 years in prison to run consecutive to any sentence imposed for the underlying offense of sexual exploitation of a child.

The minimum and maximum potential sentences in this case are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by the judge.

Mr. Williams praised the outstanding investigative work of the FBI’s Westchester Safe Streets Task Force and the Putnam County Sheriff’s Office.  Mr. Williams also thanked law enforcement partners in Mexico, the Benton County Probation Office in Benton County, Oregon, the Department of Justice’s Office of International Affairs, and the U.S. Attorney’s Office for the Northern District of California for their assistance.

This case is being handled by the Office’s White Plains Division.  Assistant U.S. Attorney Margaret N. Vasu is in charge of the prosecution.

The charges contained in the Complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

[1] As the introductory phrase signifies, the entirety of the text of the Complaint and the description of the Complaint set forth herein constitute only allegations, and every fact described should be treated as an allegation.