Terrorist Treasury

Eric Adams

June 18, 2007

NEW YORK—Gathered at the United Nations, the seat of international cooperation, Senator Eric Adams (D-Brooklyn), joined by Jeff Klein (D-Bronx/Westchester), Senator Toby Stavisky (D-Queens), and Senator Craig Johnson (D-Port Washington) released an analysis of New York State pension fund assets invested in companies that do business with nations on the U.S. Department of State’s list of terrorist nations: Syria, Iran, Sudan, and North Korea. The study is based on an analysis of assets listed in the Comptroller’s 2006 Comprehensive Final Annual Report.

The report, compiled with the assistance of Conflict Securities Advisory Group, Inc. a Washington, DC based research and consulting firm that specializes in the assessment and management of global security risk - i.e., the risk associated with corporate ties to countries of security concern, terrorism or weapons proliferation, reveals that the NYS pension fund has approximately