According to WNYC, financial disclosure forms show that dozens of high-ranking members of the NYPD have financial interests–some lucrative, some not–in side jobs and investments. Some commanders make a few thousand dollars on the side by teaching college courses or giving speeches. Others made far more. Another two dozen have investment portfolios worth more than $100,000. A few are millionaires. In some cases, outside deals and jobs appear to be at odds with department interests. At least one looks like a clear violation of city conflict of interest law. The department does not have its own financial disclosure requirement or investment policy. The city Conflicts of Interest Board requires only about 130 top NYPD personnel to report on their finances — outside income, investments and debts.
WNYC’s review comes as the department grapples with its worst corruption scandal since the 1990’s. More than a dozen high-ranking officers have lost their jobs or been reassigned in the past year. Four cops — including a deputy inspector and a deputy chief — were charged with federal crimes. Of the 14 officers who have been publicly linked to the federal investigation, only one, ex-Chief of Department Philip Banks, had to disclose his finances to the city. There’s a long tradition of cops nationwide working second jobs. NYPD Deputy Chief Kerry Sweet, commander of the legal bureau, said state law allows police officers to work as many as 20 hours a week on another job as long as it doesn’t conflict with specific city or department rules.