Systematic fraud at public pension funds?
Fri May 1 2009 9:39 pm
by Bob Morris.
NY AG Andrew Cuomo thinks so, and has issued over 100 new subpeonas to firms who brokered deals with public pension funds alleging improper licensing and pay-to-play kickbacks as well.
PensionPulse
Nothing like a huge financial crisis to bring out all the cockroaches. This hardly surprises me and remember my dire warning: Madoff was the tip of the iceberg. There will be many more fraudsters that will get nabbed in the next few years.
Posted in: Unfiled.
Tagged: Andrew Cuomo · pension fund fraud
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