NY Comptroller Tom DiNapoli's Israel Trip Raises Ethics Concerns Amid Israel Bonds Scrutiny
A New York state oversight board raised ethical concerns about a trip by state Comptroller Tom DiNapoli to Israel, which was sponsored by the Jewish Community Relations Council of New York, a pro-Israel group with financial ties to Israel Bonds. The revelation comes as DiNapoli faces his first primary challenge in 18 years, and his investments in Israel Bonds—a non-tradeable financial instrument that directly funds Israel—have become a campaign issue. The trip and the bond purchases have drawn scrutiny over potential conflicts of interest involving the comptroller's role as administrator of New York pension funds.
Key quotes
A New York state oversight board raised ethics concerns about a trip by state Comptroller Tom DiNapoli to Israel that a local pro-Israel Jewish group sponsored.
The revelation comes amid renewed scrutiny of DiNapoli's spending spree on Israel Bonds, a financial instrument that directly funds the state of Israel.
DiNapoli, the administrator of New York pension funds, is facing his first primary fight in 18 years as comptroller, and the branded, non-tradeable assets have become an issue in the race.
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