Hevesi

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State Audit Details Questionable Spending at Capital Investment Fund

The former chairman of the now-defunct New York State Thoroughbred Capital Investment Fund tapped into the agency's budget to foot expenses for a bed and breakfast and Mexican restaurant he owned, while CIF funds were used to pay for such personal items as overnight mailings to watch repair stores, gasoline and entertainment, New York State Comptroller Alan Hevesi said in an audit released Dec. 5.

NYRA Wants to Sell 80 Acres Near Aqueduct

A secretive group trying to obtain the New York Racing Association franchise is raising concerns about NYRA's attempt to sell 80 acres of land near Aqueduct racetrack--land the group says may not be owned by NYRA.

Law Firm Tabbed to Monitor Operations at NYRA

A Manhattan law firm with broad investigative experience has been named by a federal judge to oversee the finances and operations of the New York Racing Association to ensure it is in compliance with an oversight process ordered last year by the U.S. Attorney's office.

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